Liz Claman of Fox Business Channel quotes or paraphrases the Berkshire chairman:
Question: Have you given any thought to spinning off any companies?
Buffett: We will not be spinning off any companies. We’ve got a wonderful business. We want to continue it within Berkshire. We’ve got this ability in terms of moving money around into various opportunities without tax consequences. So if See’s Candies is a wonderful business, which it is and generates capital that can’t be used in that business - we can use it toward another business…. or to purchase something. Our shareholders know when we buy, we are buying for keeps. It’s a basic principle of Berkshire.