clock menu more-arrow no yes

Filed under:

The Sun's Arizin: former Villanova linebacker is key piece in Berkshire Hathaway's biggest buy

New, 12 comments

The former teammate of Howie Long may not have made it to Canton, but he's doing just fine in Portland..

HUMP DAY!

That's what Chris does in these things right? Because its Wednesday? Did I do it right?

If you haven't heard, Warren Buffett's Berkshire Hathaway holding company made a big buy -- in fact, it was one of the biggest in the octogenarian businessman's career. He focuses on non-glamorous business sectors like Omaha Steaks, and Duracell Batteries, and while he is also known as a major investor in other big businesses, his company has never paid $32.3 billion in cash for an acquisition until now.

In addition to getting control of the company in a deal that has S&P keeping a close eye on the billionaire, Buffett also acquired the services of Precision CEO, Mark Donegan, a former Villanova linebacker. Donegan is a dealmaker himself, presiding over at least $8.1 billion in acquisitions for the company since he became CEO.

Now that he's flush with cash, we'd like to remind him that there are plenty of opportunities to slap his name on something around campus. Just ask your old buddy Howie!

And now, the "news."

Berkshire Gets Dealmaker CEO in Precision Castparts Purchase | Bloomberg Business
Mark Donegan, chairman and chief executive officer of Precision Castparts Corp., made more than a few deals of his own before becoming a target of billionaire Warren Buffett’s Berkshire Hathaway Inc. The 51-year-old Donegan played linebacker at Villanova during his college days.

Precision Castparts' CEO lists West Linn home for $13 million (photos, video) | OregonLive.com
Villanova grad is the 6th best-paid CEO in the northwest and will make around $50 million from the sale of Precision Castparts to Berkshire Hathaway. Oh, and he lives in the same hometown as a notable basketball recruit that Jay Wright had shown some interest in...

Arizona United SC Signs Forward Aaron Dennis | Arizona United
Today, Arizona United SC announced the signing of forward Aaron Dennis. The Elmont, NY, native last played with Villanova where he was named second-team All Big East following his senior season in 2014. You, me, Jason Fraser -- we'll start and alumni chapter out here, kid...

Villanova names new head coach of Women's Rowing | Villanova.com
Villanova University Director of Athletics Vince Nicastro today announced the hiring of Carissa Adams as the Wildcats head women's rowing coach. Adams replaces Jack St. Clair who retired following the 2014-15 season.

2016 guard Jagan Mosely Commits to Georgetown | Casual Hoya
Mosely, a 3-star combo guard, is the first verbal of the 2016 class for the Hoyas.

Renovations to Expand at Franklin Field | PennAthletics.com
"Franklin Field stands as a testament to the pride, grit and determination of the many thousands of student-athletes and millions of fans who have passed through its gates," said Penn Director of Athletics and Recreation Dr. M. Grace Calhoun. "We are looking forward to undertaking this project to perserve and strengthen this iconic facility for generations to come."

Syracuse, Jim Boeheim settle defamation lawsuit brought by Bernie Fine accusers | ESPN
A defamation lawsuit filed by two former Syracuse University ball boys against basketball head coach Jim Boeheim has been settled, the school and lawyers for the men said Thursday.

Illinois lands former La Salle guard Khalid Lewis, eligible immediately | CollegeBasketballTalk
The addition gives Illinois some much-needed depth at the point, with Tracy Abrams (Achilles) ruled out for the entire 2015-16 season.

Compliance issue costs LSU senior guard trip to Australia | CollegeBasketballTalk
Josh Gray started 20 games for the Tigers last season but played in a game this summer in a league that was not sanctioned by the NCAA and was not vetted by LSU’s compliance department.

How to Eat Healthier in College (And Avoid the "Freshman 15") | Lifehacker
Have you heard of the infamous “Freshman 15” (or 20, or 30)? It’s named after a phenomenon where new college students reportedly gain on average 15 pounds by their second year. While there are numerous explanations for this weight gain, chief among them is poor dietary choices. Don’t worry, we’ll help you ace that.

Serena Williams reacts to shooting of unarmed college football player | The Washington Post
The FBI has been asked to investigate the death of an unarmed black Division II college football player who was fatally shot by police responding to a call from security at a car dealership last week, an incident that quickly spiked on social media and drew the attention of Serena Williams.

Driver takes to the sidewalk to cross Broadway Bridge | OregonLive.com
Officers were dispatched to the west end of the bridge at 9:43 a.m. on a report a car that had driven east on the sidewalk before crashing into scaffolding erected for the repair project.

Columbia House Improbably Still Exists, Files For Bankruptcy Protection | Consumerist
You might have the same reaction that we did to news that the company that owns Columbia House filed for Chapter 11 bankruptcy today: astonishment that it’s still in business at all. Our younger readers are probably just wondering what a “Columbia House” is. Yet the company still exists, and business isn’t quite where it was at the company’s peak in 1996. And if anyone comments, "What is Columbia House," you can get the ____ off my lawn, kid!