Jaws dropped when a charity auction bidder agreed recently to pay $250,000 to have lunch with famed investor Warren Buffett. But it was hearts that sank when Buffett's Berkshire Hathaway Inc. this month killed an innovative program that had given nearly $200 million to charities, but caused problems for its Pampered Chef.
Not long after its acquisition last October by Buffett's company, The Pampered Chef, an Addison, Ill.-based direct seller of kitchen tools, began feeling the pressure of a boycott campaign led by anti-abortion groups against Berkshire and its subsidiaries. Those groups have for years railed against charitable contributions by Buffett, through his personal foundation, to population-control and reproductive rights organizations, especially Planned Parenthood.
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