Berkshire Hathaway CEO Warren Buffett rides on a golf cart through the exhibition hall as investors and guests arrive for the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 29, 2022.
Berkshire, whose dozens of businesses include the BNSF railroad, Geico car insurance, and many energy, manufacturing and retailing companies, has a succession plan in place.Greg Abel, 59, a vice chairman overseeing non-insurance operations, would replace Buffett as chief executive when the need arose, while Vice Chairman Ajit Jain, 70, would likely continue leading insurance operations.
Buffett pledged that Berkshire would preserve its "special relationship" with shareholders, and was built to last. Buffett said Abel, in contrast, could face more questions and restrictions from other board members because they know him less well.Berkshire could also face more pressure to do better on environmental and diversity issues, and corporate governance.
"Every time you say, it's probably the last year, and they set another record in human achievement," he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warren Buffett says Berkshire owns 9.5% of Activision Blizzard shares in merger arbitrage betWarren Buffett on Saturday said Berkshire Hathaway has been increasing its stake in Activision Blizzard in a merger arbitrage play. Palace intrigue
Source: CNBC - 🏆 12. / 72 Read more »
Warren Buffett is back on stage for the second half of the Berkshire annual meetingBerkshire Hathaway Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger will preside over the company's annual meeting. Watch for updates here. want to see me without a bra?
Source: CNBC - 🏆 12. / 72 Read more »
Warren Buffett says inflation 'swindles almost everybody,' Munger rails against bitcoin, market 'mania' at Berkshire meetingCNBC's YunLi626 is live in Omaha, Nebraska at the 2022 Berkshire Hathaway annual shareholders meeting. Here are three key takeaways from the event. Follow our liveblog tracking all of the day’s news and analysis here: YunLi626 Hi Yun Li! Did they mention investing in China at all during the meeting? Any takeaways on that? YunLi626 YunLi626 Can you please post the entire webcast, CNBC? Bloomberg would have already done so
Source: CNBC - 🏆 12. / 72 Read more »
Warren Buffett tells shareholders about spending $51 billionWarren Buffett gave Berkshire Hathaway investors a few details of how he spent more than $50 billion earlier this year and again reassured them that the company he built will endure long after the 91-year-old billionaire is gone
Source: WOKVNews - 🏆 247. / 63 Read more »