The engineering grad turned hedge fund VP quit a stable job to build 'the everything store.'
Occidental Petroleum Corp said on Monday it will pay a $200 million quarterly dividend to Warren Buffett's Berkshire Hathaway Inc in cash instead of common stock, even as the company tries to reduce debt following a plunge in oil prices. In a regulatory filing, Occidental said the payment on its perpetual preferred stock would be made on Oct. 15. Berkshire bought $10 billion of Occidental preferred stock in August 2019, helping fund the Houston-based company's $35.7 billion acquisition of Anadarko Petroleum Corp.
At one point this past week, Snowflake was worth $90 billion. That’s more than nearly 90% of the stocks in the S&P 500.