Warren Buffet 's Leadership Style

a. Support: At forbes.com last accessed in September 2013, states that Bill Gates is the wealthiest man in America and his current net worth is 72 billion and is considered to be number 6 of the most powerful people.

He believes in the core values of the company, and his leadership style reflects them throughout the store.

Born and raised from a humble background, Anthony Petrello has risen to become one of the best paid CEOs in America. Unlike others who have been brought up in well-established families, Tony has fought his way up to success since he was born in Newark, New Jersey. When he worked with natural gas and drilling company, Nabors Industries Ltd in 2014, Tony was the best paid CEO in the United States earning $62 million during his tenure. His humbleness and hard work helped him achieve the earnings. He first joined the Board of Directors and the executive at Nabors in 1991.Between 1991 and October 2011, he served as the Chief Operating Officer at Nabors. In October 2011, he became the CEO of Nabors Industries.

In his article “Stop Coddling the Super-Rich”, Warren Buffett criticizes the fact that billionaires in United States actually pay less percentages of taxes than those working-classes. Buffett believes the government needs to stop protecting the “super-rich”.

I'm writing a paper on Phil Hampson Knight the billionaire. I pick this billionaire because, how he became super success full. Phil Hampson Knight net worth around twenty five billions dollars making him the thirty five richest people in the planted. I can't believe he has that much money if that was me I wouldn't know what to do with all that money. He going to have a good retirement because of all that money and he's around seventy years old. I think he took the right steps to become the person he is now.

At a young age he had the drive and work ethic to make money. He was influenced to by his father who was a stock broker and bought stock at the age of 11. He finished his M.S. in Economics from Columbia Business School where his studied under Benjamin Graham and Phil Fisher. When working at Benjamin Graham’s partnership, he thought the guidelines of investment were too stringent, he felt there were opportunities for higher profits but company guidelines inhibited potential profits. After leaving Graham partnership, he was involved with 6 partnerships. Warren Buffet went on to organize the sale of his partnerships, ultimately securing his job as CEO of Berkshire Hathaway. He used his critical thinking skills to build Berkshire Hathaway. One of his abilities is the ability to identify talent and recruitment of talent. Warren Buffet believes that gossiping, lying, breaking agreements, becoming defensive, feeling entitled, and withholding key information slows down the decision making process (Market, 2011). These are the key fundamentals that have made Warren Buffet a success.

John D. Rockefeller was arguably one of the richest people in modern history and the richest man in american in history with a net worth of 336 billion dollars. At one time, his company, standard oil, controlled 90% of U.S refineries, and pipelines. Although many rich men and women let their wealth come before faith, this was not the case for rockefeller. All through his life Rockefeller was a man of faith, and enjoyed serving God.

Bernard Madoff or “Bernie” is considered to be one of the greatest minds to ever work on wall street. With his warm personality and his humble beginnings he made a name for himself in the stock market eventually starting his own securities investment firm under the title of “Bernard L. Madoff Investment Securities LLC”. As it became apparent in early December of 2008 Bernard Madoff had been running the single greatest ponzi scheme ever recorded. Through this thousands of “people, charities, management firms and, banks” (Madoff's Victims). Even though many people viewed him as a great man, it is not possible to look past the fraud that he committed.

Here, the discussion should shift to an analysis of Berkshire’s general record, its experience with MidAmerican, and its experiences buying equity positions in the Big Four. The general conclusion will be that Buffett has done very well as an investor and as the manager of Berkshire.

Bill Gates was the former CEO of the computer software giant Microsoft. It was not purely on inherited merit or luck that he was able to lead and maintain Microsoft, one substantial attribution to the success of Microsoft was due to the leadership style of Bill Gates. The main philosophy that Bill Gates used was autocratic leadership. Autocratic leadership can be defined as: a person who maintains most of the decision making process for themselves (DuBrin A.J., 2013). An advantage of the autocratic leadership style was that corporate decisions were made more efficiently, if Bill were a democratic or consultative leader, it might have taken longer for Microsoft to seize primary markets of interests. Gates was also competent in delegating tasks to the right people, such as allowing the engineering teams to work at full capacity to meet their production goals. Microsoft’s success can be linked to the proper delegation of duties to the correct personnel, and a focus on goal-based decision making.

Given the effect a CEO can have on a company's success, we can understand why their compensation packages

Warren Buffett utilizes a constant strategy to manage these companies including Berkshire Hathaway by holding shares for a long time. Berkshire Hathaway does not pay any dividends to the shareholders but reinvests surplus instead to maximize the value of the company. Under this strategy, each company is growing constantly and some of them such as GIECO and Nebraska Furniture Mart are the major layer in the industry.

* Bill Gates has moderate need for affiliation. He mixes well with his employees. His employees are expected to be well informed, logical, vocal, and thick skinned. Bill Gates

Leadership traits have been studied to determine what makes certain people great leaders. There is no right way to be a great leader, there are many ways to be a good leader however, studies have shown that all good leaders have similar characteristics. Good leaders are able to recognize problems and opportunities, they can develop a vison and an implementation plan to carry out their vison. They understand that teamwork and the right people are vital in obtaining their end goal. All of the above are specific traits that tie good leaders together. An interesting subject to look at when examining leadership styles is Donald Trump. Trump has always been known for his leadership style throughout the business industry. He has excelled through

Warren Buffet is the Chief Executive Officer (CEO) of Berkshire Hathaway (http://www.berkshirehathaway.com), a holding company for several businesses (Berkshire Hathaway, n.d.). Fortune Editors (2014) named Warren Buffett number four on The World’s 50 Greatest Leaders (2014) list for his leadership techniques with his 300,000 employees. Buffett is also a proponent for philanthropy and earmarks Berkshire Hathaway shares to distribute to several foundations annually (Berkshire Hathaway Inc., n.d.). In 2014, Buffett led his followers with a hands-off style empowering his managers to act as owners (Fortune Editors, 2014). However, Buffett did not begin his career with a hands-off style; his leadership techniques evolved as he became a seasoned CEO. Over time, Buffett shifts from a unilateral power to a mutual power (Kelly, 2013).