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Why the face of Warren Buffett's over Cherry Coke from China.
If you enjoyed a cherry Coke in China recently, you probably noticed a familiar face gracing American red cherry It would be Warren Buffett, the billionaire investor and CEO of Berkshire Hathaway BRK-A BRK-B.
As Berkshire Hathaway shareholders know well, Buffett is a big fan of Cherry Coke, so he is, he agreed to leave Coca-Cola KO free use his image to celebrate its recent launch in China.
There are four or five months, Coca-Cola CEO Muhtar Kent said they would introduce Cherry Coke in China and asked me to put my picture on cans and bottles, Buffett said Yahoo Finance I I said it would be nice to do it for the first six months after the product launch If there are no problems with it and asked me to continue, I would probably say OK incidentally, no compensation involved.
In the drawing, Buffett said, I do not sit for a portrait I think Muhtar knew better than to ask that; I've never been keen on this kind of activity.
While it may seem strange to use an American investor to market a product in China, Buffett has become a rockstar in there too In fact, it is estimated that Chinese investors 2000-3000 participate in the annual meeting of Berkshire Hathaway last year.
I think my popularity in China is due to the huge interest in stocks in China that developed in just two decades, I was in the right place at the right time that the Chinese looked around famous investors, said Buffett I also did two tours in China who received a good amount of publicity and several American books I got widely distributed throughout China.
billionaire financier and Berkshire Hathaway Warren Buffett CEO C. takes its portfolio to pose for a photo while visiting a new Dairy Queen store in Beijing September 30, 2010 REUTERS Jason Lee.
Buffett also said that Chinese television has covered the annual meeting of Berkshire Hathaway in Omaha, Nebraska, and that Berkshire has invested in both PetroChina and Chinese automaker BYD Auto.
In addition, they like old guys; Charlie my only competition, said Buffett, who is 86 and referred to 93 years, Berkshire Hathaway Vice Chairman Charlie Munger.
The special edition of Cherry Coke cans will also be available in America at the annual meeting of Berkshire shareholders in Omaha, Nebraska May which will be broadcast live on Yahoo Finance Cherry Coke was available in mainland China since March 10, but only to have the face of Buffett for a limited promotional period.
I can not think of a better way to launch Cherry Coke with his most famous fan on the package, Kent said it is an honor for us to be able to figure Warren on his favorite drink as it rolls in one of the world's most exciting and dynamic consumer markets.
Buffett is not just a fan of Coca-Cola; it is also heavily invested in the Berkshire Hathaway invested $ 1 billion in Coca-Cola in 1989, or 6 3 shares of Coca-Cola Today, Berkshire is the largest institutional shareholder of Coca-Cola with participation in more than 9 of the company last year Berkshire Hathaway meeting Buffett defended participation of society in Coke amid criticism it harms people's health.
I choose to get my 2,600 or 2,700 calories a day the things that make me feel good when I eat that's my only criterion, he said, according to Reuters Like many fudge peanut brittle I am very, very , very happy guy.
Why the face of Warren Buffett's over Cherry Coke Yahoo Finance Canada China, Warren Buffet, face.