Warren Buffett has little to lose as an 87 year old CEO and the third richest man in the world. His future is secure as well as that of his offspring for many springs. He could buy everyone at Starbucks their drink. He could build a water park in an outlet mall. He could go to Dubai for brunch. Buffett must resort to the little things in life to spruce it up, such as his fandom of college basketball.
If an employee picks a perfect Sweet 16, he or she will win $1 million a year for life.
That wasn’t rich enough for Buffett’s diluted blood, however, as he upped the stakes for this season’s tournament. Buffett turned his homerism into potential profits for his Berkshire Hathaway employees with a unique spin on the competition.
If the Creighton Bluejays or Nebraska Cornhuskers wins the tournament, the prize will double, Buffett said Monday in a wide-ranging interview with CNBC. “So, instead of $1 million, it’ll be $2 million,” the chairman and CEO of Berkshire Hathaway told “Squawk Box.”
Buffett’s benevolence has inspired other CEOs to reward their employees for their hard work and dedication through March Madness contests.
Jimmy John Liautaud will donate an elephant tusk to a local elementary school for every Jimmy John’s employee who picks a correct Elite Eight.
Mike Jeffries will donate an Abercrombie & Fitch scarf to every cool, attractive person in his company who picks a perfect first round.
Twitter CEO Jack Dorsey will give his employees a complimentary trolling if they pick a region of the bracket without losing a game.
Snapchat CEO Evan Spiegel will send an explicit picture through his app to any employee who chooses the correct champion.
Amazon CEO Jeff Bezos will shave the head of any employee who chooses a perfect Sweet Sixteen like Jay Buhner on Buzz Cut Day.
Tesla and SpaceX CEO Elon Musk will send employees who select an accurate Final Four on a rocket to any destination in the galaxy (besides Detroit).
Microsoft CEO Bill Gates will buy an iPhone for any employee who chooses the correct score in the championship game.
Those were just a few of the countless Buffett disciples who are taking after the Ghost of March Madness Past.
Credit: For the Win, USA Today Sports, http://ftw.usatoday.com/2018/03/ncaa-tournament-march-madness-warren-buffett-berkshire-hathaway-contest-perfect-sweet-16-odds-1-million-creighton
Note: These CEO contests are purely fictional other than Buffett’s.
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