Skip to Content
AP-National

Buffett’s Berkshire Hathaway says Haslams offered bribes to inflate Pilot truck stops earnings

By
Published 12:25 PM

By JOSH FUNK
AP Business Writer

OMAHA, Neb. (AP) — Warren Buffett’s Berkshire Hathaway says the billionaire Haslam family tried to bribe at least 15 executives at the Pilot truck stop chain with millions of dollars to get them to inflate the company’s profits this year because that would force Berkshire to pay more for the Haslams’ remaining 20% stake in the company. Last month, the Haslam family, which includes Cleveland Browns owner Jimmy Haslam and former Tennessee governor Bill Haslam, accused Berkshire of trying to understate Pilot’s earnings this year by changing its accounting practices. A hearing on Berkshire’s counter lawsuit is planned for Thursday. Pilot’s earnings will be used to determine how much Berkshire will pay whenever the Haslams decide to sell their remaining stake.

Article Topic Follows: AP-National

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content