Jun 3, 2012 2:35 PM by Matt Stafford

Annual Warren Buffett lunch auction begins Sunday

OMAHA, Neb. (AP) - It's true that Warren Buffett hired the hedge fund manager who won the last two private lunches with him that are part of an annual auction, but he's not expecting the event to become a recruiting tool for Berkshire Hathaway.

Rather, Buffett says it's miraculous that he found one of Berkshire's two new investment managers through the lunch. He offered Ted Weschler a job after he'd paid nearly $5.3 million over two years to dine with Buffett.

Buffett told The Associated Press that Berkshire is now perfectly situated with money managers.

Buffett says he just hopes the online auction will again raise a significant amount of money for the Glide Foundation, which provides social services to the poor and homeless in San Francisco. Bidding begins Sunday and concludes Friday evening.


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