WASHINGTON (Reuters) - The World Bank on Tuesday reappointed Jim Yong Kim to a five-year term as president of the multilateral development lender after the nomination period closed without any challengers coming forward.
Kim, an American citizen, was unanimously chosen by the bank's executive directors for a term that begins on July 1, 2017, the World Bank said in a statement.
(Reporting by Timothy Ahmann; Editing by Alan Crosby)
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Warren Buffett is known for his astute business practices and hardball negotiation tactics. His company, Berkshire Hathaway Inc., is one of the largest conglomerates and investment companies in the world. It has acquired dozens of companies over the years with over 75 wholly owned or controlled subsidiaries. It owns shares valued at billions of dollars in companies like Apple Inc., Amazon.com Inc., Mastercard Inc. and others. Buffett amassed his incredible portfolio and his company’s nearly $1 t
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