Berkshire Hathaway’s billionaire CEO, 93, steels shareholders for new era at the annual meeting known as ‘Woodstock for Capitalists’
Berkshire Hathaway’s billionaire CEO, 93, steels shareholders for new eraAs dawn broke on Saturday, thousands had gathered outside Omaha’s CHI Health Center Arena. Some arrived before 3.30am, standing for hours in the drizzle.
Greg Abel, his chosen successor, was at his side on Saturday. “One way or another, there are more than 24 hours in his day,” Buffett told investors. “This place, if anything happened to me, it would be working extremely well the next day.” “The company is all about Buffett,” said Colin Duggan, who owns and runs Kitchen Table, a downtown cafe, with his wife, Jessica. “If Buffett’s not around? Yeah, we’re nervous. We’re a little nervous about it, for sure.”Buffett relocated Berkshire from New England to his hometown back in 1970, a few years after taking control. The company, and its chief executive, have stayed put ever since – and become omnipresent throughout the city.
A short walk away, Kitchen Table was also humming this weekend. Jessica Duggan, 44, estimated that Sunday – the day after Berkshire shareholders fill up Omaha’s 18,975-seat CHI arena – was typically the cafe’s biggest of the year. The whole weekend is “really huge for us,” added Colin. Michael Graham, 22, drove 14 hours from Youngstown, Ohio, with his dad, also Michael, 59. Buffett “just has that way about him”, he said. “Whenever he talks, you just want to listen.”
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