I am proud of this company, of its people and of what they do. At FlightSafety we believe
we've helped our customers in their quest for safe, reliable transportation. And in doing
that, we've helped save lives as a matter of course. Knowing that makes it fun to go to
work every day and helps me to sleep like a baby at night.
In recent years, I became concerned that once I exited the stage - say, maybe a hundred
years from now - the company that we've built so carefully and so well could be taken
over and parceled out by outsiders. I didn't want that to happen but wasn't sure what to
do about it. Fortunately, my good luck held once again. Warren Buffett called.
Although Warren had been sending his pilots to us for training, he and I had never met,
so the contact came as a surprise. He wanted to know if I'd be interested in discussing
FlightSafety's future. I was.
So one afternoon in late 1996 we met in New York City. We got to know each other over a
couple of hamburgers and Cherry Cokes, and I liked what I saw and heard. Warren said he'd
like FlightSafety to be a part of Berkshire Hathaway, but he wanted it to remain an
independent subsidiary, to continue on its same course of business, and to be run by the
same people as before. At the end of the meal - the best burger I'd eaten since selling
Little Hawk - we shook hands on the deal, and by the end of December it was done.
FlightSafety became a wholly owned subsidiary of Berkshire Hathaway, and I could not be