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Buffett donates $870M; tabs children as trustees after death

Warren Buffett marked Thanksgiving week by continuing what has become a holiday tradition, donating hundreds of millions of dollars of his personal stock holdings to four family foundations. ....

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Warren Buffet: Warren Buffet donates Berkshire Hathaway shares to children's foundations at Thanksgiving

"My children, along with their father, have a common belief that dynastic wealth, though both legal and common in much of the world including the United States, is not desirable," Buffett said in the statement, adding that after his death, his children would act as trustees of a charitable trust that would inherit 99 per cent of his wealth. ....

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