Buffett Fortune Drained by Hospital

Buffett fortune amassed over the years by investors Donald and Mildred Othmer has been drained by the hospital that received it as a bequest. The couple, who purchased shares of the legendary Berkshire Hathaway, donated $135 million to Long Island College Hospital upon their death. The hospital was to spend only the income from the endowment but over the years raided the fund to use for general operating expenses. Now, the owners of the hospital are trying to close the hospital and nearly all of the money is gone. Warren Buffett is said to be outraged. The post Buffett Fortune Drained by Hospital appeared first on InsideSurgery Medical Information Blog.
Source: Inside Surgery - Category: Surgeons Authors: Tags: Medical News Wire donald othmer fortune Long Island Hospital raided warren buffett Source Type: blogs
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