Question

producer, Eliot's two sons had followed family tradition and joined the company Questions 1. Warren Buffett's Berkshire Hathaway owns three other furniture. And that's how a small business founded as a sole proprietor ship wound up as a corporation merged into a large conglomerate. Today, Jordan's Furniture is an established, profitable retail opera tion employing more than 1.200 people. It serves thousands of shoppers every day, and its sales average of $950 per square foot is considerably higher than that of the typical furniture store. Dut then, Jordan's Furniture is hardly a typical store, as its slogan sug gests: "Not just a store, an experiencel retailers in addition to Jordan's. Why do you think the conglom erate teft the Tatelman family in charge of Jordan's after the merger? What do you think Berkshire Hathaway and Jordan's have each gained from the merger? How much influence are Berkshire Hathaway's stockholders likely to have (or want) over Jordan's management? Explain your answer 2. 3. For more information about this company, go to www.jordans com.

Answer 1

Answer1: Warren Buffett’s Berkshire Hathaway left the Tatelman family in charge of Jordan’s after merger to continue the retailer’s winning ways, such as, to make the business fund for themselves, their customers, and their employees by adding a large element of entertainment to the shopping experience. For example, having a 262-seat IMAX 3D theater and steamboat in one of the Massachusetts store; as the founding family was the face of the store and all the potential customers are aware of them, made the business deals easy.

Answer2: Berkshire Hathaway expanded his business through partnership along with his own business and Jordan gained the money and remain the front face his business.

Answer3: In my view, not very much influence may occur to the Berkshire Hathaway’s stockholders over Jordan’s management as there was a “limited partnership” among them which resulted in no management responsibilities by one.