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Advertisement Buffett was right about Kirby s stellar prospects. The company s annual pretax earnings almost tripled to $59 million between 1986 and 1996, and Berkshire s net earnings from Kirby nearly quadrupled to $40 million over the same period. Moreover, Kirby generated more profit than all but one of Berkshire s 10 non-insurance businesses in 1996, and was responsible for about 5% of the conglomerate s operating earnings that year. It s unclear why Scott Fetzer decided to dispose of Kirby, a company it owned for more than 50 years and partnered with for more than a century. Experts told Insider that financial, operational, or cultural challenges might explain the move. Advertisement It s possible the Kirby vacuum ain t what it used to be, or perhaps that the door-to-door business model controversies aren t worth it, Lawrence Cunningham, a law professor at George Washington University and the author of several books about Buffett and Berkshire, told Insider.

United statesLawrence cunninghamBerkshire hathawayAdam meadWarren buffettWarren buffett berkshire hathawayScott fetzerKirby industriesSee candiesGeorge washington universityNebraska furniture martRight lane industriesWright laneNebraska furnitureComplete financial historyஒன்றுபட்டது மாநிலங்களில்