Warren E. Buffett will get back $3 billion that he invested in General Electric during the financial crisis, plus a $300 million bonus.
8:31 p.m. | Updated
Warren E. Buffett continues to collect benefits from the financial crisis.
General Electric said on Tuesday that it would pay back the $3 billion investment that his company, Berkshire Hathaway, made in the depths of the crisis, netting Mr. Buffett a tidy profit.
He will get back his principal, a $300 million bonus, plus any accrued and unpaid dividends, according to a regulatory filing by G.E. on Tuesday. General Electric said it would repay the investment on Oct. 17.
Mr. Buffett has been quick to capitalize on the problems of financial companies, forging deals at beneficial terms to Berkshire.
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