[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Benzinga [@Benzinga](/creator/twitter/Benzinga) on x 306.8K followers Created: 2025-07-18 01:59:49 UTC In 2005, Warren Buffett met Forest River founder Pete Liegl to discuss a potential acquisition. During salary negotiations, Liegl made a surprising request: just $XXXXXXX per year. He explained he didn’t want to earn more than his new boss, Buffett. The modest ask stunned Buffett but sealed the deal. Liegl also requested a XX% bonus on profits above baseline levels. Buffett agreed. Over the next XX years, Liegl delivered massive results, making Forest River one of Berkshire Hathaway’s most successful acquisitions. In his 2024 shareholder letter, Buffett praised Liegl as “one of a kind,” noting the company has added billions in value. Even in tough markets, Forest River kept growing. In 2024, revenue rose 6.4%, with unit sales up 7.9%, thanks in part to new acquisitions. Forest River’s performance helped Berkshire’s consumer products division thrive, including a $XXX million boost in 2022. Berkshire also reported a XX% jump in Q4 operating profit and strong gains in insurance and investment income. Buffett acknowledged not all acquisitions work out. But he emphasized that a single great decision—like hiring someone with Liegl’s work ethic and humility—can make a lasting impact. Talent, not titles, makes the difference.  XXXXX engagements  **Related Topics** [acquisition](/topic/acquisition) [forest river](/topic/forest-river) [warren](/topic/warren) [Post Link](https://x.com/Benzinga/status/1946027095047454808)
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Benzinga @Benzinga on x 306.8K followers
Created: 2025-07-18 01:59:49 UTC
In 2005, Warren Buffett met Forest River founder Pete Liegl to discuss a potential acquisition. During salary negotiations, Liegl made a surprising request: just $XXXXXXX per year. He explained he didn’t want to earn more than his new boss, Buffett. The modest ask stunned Buffett but sealed the deal.
Liegl also requested a XX% bonus on profits above baseline levels. Buffett agreed. Over the next XX years, Liegl delivered massive results, making Forest River one of Berkshire Hathaway’s most successful acquisitions.
In his 2024 shareholder letter, Buffett praised Liegl as “one of a kind,” noting the company has added billions in value. Even in tough markets, Forest River kept growing. In 2024, revenue rose 6.4%, with unit sales up 7.9%, thanks in part to new acquisitions.
Forest River’s performance helped Berkshire’s consumer products division thrive, including a $XXX million boost in 2022. Berkshire also reported a XX% jump in Q4 operating profit and strong gains in insurance and investment income.
Buffett acknowledged not all acquisitions work out. But he emphasized that a single great decision—like hiring someone with Liegl’s work ethic and humility—can make a lasting impact. Talent, not titles, makes the difference.
XXXXX engagements
Related Topics acquisition forest river warren