Business mogul Warren Buffett dangled a teaser to employees who may have crystal balls at their disposal and can correctly predict the top 16 teams in this year’s National Collegiate Athletic Association (NCAA) men’s basketball March Madness.
The Berkshire Hathaway chairman and chief executive promised employees a million dollars every year if they can correctly predict the brackets for this year’s Sweet 16.
If more than one employee makes a correct prediction, they will have to split the loot, a report by UpNorthLive.com said.
“I have goofy reasons for picking teams,” associate broker Nancy Jacobs, and former bracket pools winner, said in the report. “I’ve done it just for fun, with some friends, and I actually did better.”
The report said that Buffett’s offer has employees gung-ho over winning the pools as almost everyone is picking teams.
According to pool rules, the employee who goes furthest gets a $100,000 prize.