Warren Buffett's Berkshire Hathaway Inc holds its hotly-anticipated annual shareholder meeting in person on Saturday for the first time since before the pandemic, where shareholders will have the chance to quiz the so-called 'Oracle of Omaha' on everything from corporate governance, potential new investments and Buffett's views on the economy.
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.
Buffett, 91, chairman and chief executive officer of Berkshire, and Vice Chairman Charlie Munger, 98, will answer shareholder questions for roughly five hours when the meeting convenes in Omaha, Nebraska. Joining them will be Vice Chairmen Greg Abel, Buffett's designated successor as CEO, and Ajit Jain.
The meeting may address issues such as recent investments, a still-swollen cash pile, share buybacks, rising inflation and supply chain disruptions, and even whether someone other than Buffett should chair the company.Some investors have begun to increase pressure on the conglomerate, which spans businesses including insurance-to-energy-to-candy. Calpers, the largest U.S.
Events around the city over three days include a 5-km run, shareholder shopping from dozens of Berkshire-owned businesses at the downtown CHI Health Center arena where the meeting takes place, and several private investing conferences. Berkshire has been expecting attendance to be "considerably less" than the 40,000, many from overseas, common to recent meetings. The 2019 meeting, the last in-person meeting before the pandemic, added $21.3 million to Omaha's economy.
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