Warren Buffett’s Berkshire Hathaway accuses Jimmy Haslam of offering bribes to Pilot executives
Berkshire Hathaway alleges that the Haslam family, including Jimmy and his brother and former Tennessee governor Bill Haslam, bribed several Pilot Flying J executives to increase the company’s profits and force Berkshire Hathaway to pay higher prices for the Haslam family’s assets. accused of providing them. He owns the remaining 20% of the company. This report comes from Reuters.com. The Haslam family and Berkshire Hathaway have been at loggerheads in recent months over the Haslam family’s remaining stake in Pilot. In late October, the Haslam family sued Berkshire Hathaway, accusing Hathaway of changing accounting rules to undervalue the family’s 20 percent stake. In 2017, Berkshire Hathaway and the Haslam family agreed to a deal in which Hathaway would buy 80% of the company by 2023 and give the Haslam family the option to sell the remaining 20% to Hathaway by the end of 2023. The percentage share is about 3 billion dollars. Berkshire Hathaway’s counterclaim accuses Jimmy Haslam of bribing 15 pilots and promising executives huge year-end bonuses to boost company profits.
The Haslams have previously faced allegations of financial irregularities. Shortly after Jimmy Haslam took over the Cleveland Browns, Pilot Flying J was investigated for fraud and fined $92 million.
