The meeting is the 60th for Warren Buffett, 93, since he took over Berkshire in 1965
A cutout picture of Berkshire Hathaway Chairman Warren Buffett welcomes shareholders to shop at the Pampered Chef booth at the Berkshire Hathaway Inc annual shareholders' meeting in Omaha, Nebraska, U.S. May 3, 2024. Warren Buffett will take center stage at Berkshire Hathaway’s annual meeting on Saturday, as shareholders descend on to watch the famed investor as well as his expected successor.
At a downtown arena, Buffett and Vice Chairman Greg Abel, 61, will answer about five hours of questions. Vice Chairman Ajit Jain, 72, will also join. Abel was designated Buffett’s successor as chief executive in 2021. Investors are focused on how the conglomerate will evolve as it faces challenges including how best to grow without overpaying for acquisitions, whether to pay a dividend and how to deploy the $167.6 billion of cash on hand at year-end.
“It’s going to be hard for Warren to not have Charlie there,” said Paul Lountzis, president of Lountzis Asset Management, attending his 32nd Berkshire meeting. Buffett is expected to face a wide array of questions on Saturday on everything from major investments such as Apple and Occidental Petroleum to how elevated interest rates have affected the company. “I want to see Warren’s energy,” said Steven Check, president of Check Capital Management, attending his 27th meeting.
Berkshire Meeting Company Buffett Successor Abel Warren Greg Abel Occidental Petroleum Ajit Jain
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