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| The ] concept behind NetJets was created in 1986 by Richard Santulli, as the first ] program. Warren Buffett bought NetJets in 1998 for $725 million, keeping Richard Santulli as CEO. However, as of August 4, 2009, he has stepped down as CEO of Netjets. | The ] concept behind NetJets was created in 1986 by Richard Santulli, as the first ] program. Warren Buffett bought NetJets in 1998 for $725 million, keeping Richard Santulli as CEO. However, as of August 4, 2009, he has stepped down as CEO of Netjets. | ||
| Santulli was regarded by many as a likely successor to ] as CEO of ] |
Santulli was regarded by many as a likely successor to ] as CEO of ].<ref>{{cite news |title=Has the sage found an heir? |author=Frank Kane |url=http://www.guardian.co.uk/business/2004/nov/07/theobserver.observerbusiness15 |newspaper=Guardian.co.uk |date=7 November 2004 |accessdate=4 December 2011}}</ref> | ||
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| See the article on NetJets in the August 16, 2010 issue of FORTUNE Magazine (http://money.cnn.com/2010/07/29/news/companies/buffets_mr_fixit_full.fortune/index.htm). | |||
| {{Persondata <!-- Metadata: see ]. --> | {{Persondata <!-- Metadata: see ]. --> | ||
Revision as of 11:57, 4 December 2011
Richard T. Santulli (born 1944, in New York) is an American businessman, founder and, for its first 25 years, CEO of Netjets. He previously was a banker at Goldman Sachs.
The fractional ownership concept behind NetJets was created in 1986 by Richard Santulli, as the first fractional aircraft ownership program. Warren Buffett bought NetJets in 1998 for $725 million, keeping Richard Santulli as CEO. However, as of August 4, 2009, he has stepped down as CEO of Netjets.
Santulli was regarded by many as a likely successor to Warren Buffett as CEO of Berkshire Hathaway.
- Frank Kane (7 November 2004). "Has the sage found an heir?". Guardian.co.uk. Retrieved 4 December 2011.