The Washington Post is paying out early dividends to investors to avoid the looming Obama taxes. The same paper endorsed President Obama for reelection, so why they’re moving to help shield investors from higher taxes is a mystery. Oh, and one of the media company’s biggest investors is Warren Buffett.
The Washington Post’s dividend payment also stands to benefit those with a significant stake in the company, such as Warren Buffett’s firm Berkshire Hathaway. Berkshire is its largest shareholder with an estimated 1.7 million shares, which means it could get a roughly $17 million dividend payment.
Isn’t that lovely?
Update: Linked by The First Street Journal – thank you!