With diversity, equity, and inclusion policies now in retreat across corporate America, CEO Warren Buffett’s emphasis on merit looks smart and prescient. Berkshire’s proxy, released Friday, restated the criteria that Berkshire seeks in what will be its 13-member board—and it’s like nothing that appears in most corporate proxies. “Berkshire does not have a policy regarding … Read more
The stock buyback drought continues at Berkshire Hathaway. The company didn’t repurchase any shares from Feb. 10 until March 5, Barron’s calculates, based on the Berkshire proxy statement released late Friday that included a share count for March 5. Barron’s compared the shares outstanding on March 5 with those outstanding on Feb. 10, the date … Read more
March 14 (Reuters) – Berkshire Hathaway said on Friday longtime Director Ronald Olson will be leaving its board because of a policy change requiring directors, except for Warren Buffett, to step down after turning 80. In a proxy statement for its May 3 annual meeting in Omaha, Nebraska, Berkshire also said its board unanimously urged … Read more
As US President Donald Trump unveiled sweeping tariffs on Canada, China and Mexico, billionaire investor Warren Buffett called the move an “act of war”. “Tariffs are actually – we’ve had a lot of experience with them – they’re an act of war, to some degree,” Buffett told CBS on Sunday. The 94-year-old, who is viewed … Read more