Berkshire Hathaway is headquartered in Omaha, Nebraska. Warren Buffett has run the conglomerate from Omaha since taking control in the 1960s, earning the city the nickname “Oracle of Omaha.”
The modern company grew from a struggling New England textile manufacturer into a diversified holding company. Berkshire owns or invests in insurance operations, railroads, utilities, manufacturing businesses, and large publicly traded stakes.
Unlike most major corporations, Berkshire has traditionally kept its headquarters staff small and emphasized decentralized management. Its unusually high share price and long record of investment performance have made it one of the world's most valuable companies, even though it pays no regular dividend.