Marquette's Loss to South Carolina Cost a Berkshire Hathaway Employee Millions

Marquette's players and students aren't the only ones feeling the pain after Friday night's first-round NCAA tournament loss to South Carolina. 

One employee was on track to win $1 million every year for life...but the upset ruined everything.

For the second consecutive year, CEO Warren Buffett held a March Madness contest for Berkshire Hathaway—with a hefty cash prize.

Any employee with a perfect Sweet 16 bracket would take home $1 million every year for life. If no one's perfect, $100,000 would go to the person whose bracket stays perfect the longest.

Amazing, right?

Well, Buffett sweetened the deal even more this year, offering another $1 million prize for anyone who could correctly pinpoint the winners of each of the 32 Round 1 games.

Yahoo's Daniel Roberts reports that one Berkshire employee was this close to taking home the cash, with 29 proper picks...but it was all blown to oblivion when Marquette crumbled under South Carolina in a 93-73 loss Friday night.

Ouch. Well, there's always next March...

[Yahoo]