Berkshire Hathaway is an American multinational company that was founded in 1839 and falls under the conglomerate industry. It?s headquartered in Omaha, Nebraska. Oliver Chace founded it as a textile manufacturing company. It soon acquired different unrelated businesses and became a conglomerate in 1965 with the efforts of Warren Buffet (chairman and CEO) and Charlie Munger (vice-chairman). Berkshire Hathaway?s earnings are acquired through diverse businesses, of which insurance is the major source. Their two main insurance brands include GEICO and the reinsurance firm Gen Re. Furthermore, it also operates in other areas, including railroads, confectionaries, apparel, machinery, home furnishings, retail, railroads, electrical power, etc. Currently, Berkshire is one of the top largest American-owned private employers in the US.
General Electric is a multinational company established on 15 April 1892 by Charles A. Coffin, Thomas Edison, Henry L. Higginson, and J. P. Morgan. The company?s services include aerospace, finance, healthcare and energy. In 1925, GE launched the first hermetically sealed refrigerator and its first automatic washing machine on the market in 1947. The GE Education Fund was renamed in 1952. The purpose of this foundation was to support their employees to participate in philanthropic activities.? In 1955, GE produced gas turbine electric locomotives for the Union Pacific Railroad. With a capacity of 8,500 horsepower, these are the most powerful electric locomotives to date. GE didn?t stop there; GE HealthCare created the first CT (computed tomography) scanner to contribute to healthcare.?
The Dow Chemical Company is the leading American firm based in Midland, Michigan, U.S., Founded in 1897 by Herbert Henry Dow. It?s one of the main manufacturers of chemicals, catalysts, hydrocarbon exploration, plastics, coatings, etc. The company was opened to support the Midland Chemical Company and Dow Process Company. Dow was established in 1900 and started operations to produce bromide. In 1920, it also started producing phenol and magnesium.? Thousands of people work for Dow Chemical Company across the globe, and it runs manufacturing plants in over 150 countries. The company produces various products, such as adhesives, materials for golf balls, building materials, insecticides and herbicides, etc.?
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