What’s Behind Warren Buffett’s Fight with a Truck-Stop Mogul

Warren Buffett and truck-stop mogul Jimmy Haslam are combating over a seemingly obscure accounting technique. What’s actually at stake: probably as a lot as $1.2 billion.

Buffett after all is chairman and chief govt of Berkshire Hathaway. Haslam, who owns the Cleveland Browns soccer crew along with his spouse Dee, constructed his father’s truck-stop chain, Pilot Journey Facilities, into an empire earlier than promoting a majority stake to Berkshire.