The business leaders in attendance are Clarence Otis of Darden Restaurants, Scott Davis of UPS, Sam Palmisano of IBM, and Matt Rose of BNSF.

WHITEHOUSE: Press Briefing

Buffett praised IBM CEOs Lou Gerstner and Sam Palmisano in his 2011 annual letter for rescuing IBM from the brink of bankruptcy 20 years ago and making it into a successful business today.

FORBES: Why Warren Buffett Keeps Buying IBM

While Willie Nelson sang "Me and Bobby McGee, " Will and I enjoyed talking to former 49ers quarterback Steve Young and IBM CEO Sam Palmisano.

FORBES: Super Week--Then The Worst

Since November, IBM Chief Executive Sam Palmisano has been making futurist statements about the need for a "smarter" national infrastructure, using information technology to upgrade the nation's roads, electric grid and health care system in a bid to increase their efficiency -- and to make America more internationally competitive and to create thousands of jobs.

FORBES: Magazine Article

Sam Palmisano, who has run IBM like a smoothly humming mainframe for a decade, has turned over the reins.

FORBES: Sam Palmisano Kicks Himself Upstairs

Warren Buffett in his annual letter praised IBM CEOs Lou Gerstner and Sam Palmisano for rescuing the company from the brink of bankruptcy 20 years ago and making it into a successful business today.

FORBES: Yacktman Fund Buys Dell and IBM