Warren Buffett injected $3 billion into General Electric during the financial crisis. Here's a look back at how he helped the industrial giant.

Jan 8 2023 by Business Insider

 
Warren Buffett.

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Warren Buffett plowed $3 billion into General Electric at the height of the financial crisis. The investor received $3 billion in preferred stock paying a 10% dividend, plus stock warrants. Berkshire Hathaway made about a $1.5 billion profit. Buffett later said he could have made more.

Warren Buffett piled $3 billion into General Electric in October 2008, handing vital cash to the industrial titan just as credit markets seized up and global demand slumped. Here's a...

Continue Reading Warren Buffett injected $3 billion into General Electric during the financial crisis. Here's a look back at how he helped the industrial giant.