Investors push to know Warren Buffett’s successor
A group of Berkshire Hathaway investors from the AFL-CIO wants to require the company to reveal Warren Buffett’s successor. The labor union’s AFL-CIO Reserve Fund submitted a proposal that Berkshire shareholders will vote on at the annual meeting this May. The proposal would address something many Berkshire shareholders have worried about for years because so [...]
Investor Warren Buffett says his company bought about $10.7 billion of IBM stock this year, giving it a stake of more than 5 percent stake in the technology company. Buffett revealed the investment during an interview on CNBC on Monday. Buffett’s company, Berkshire Hathaway Inc., will file a full quarterly update on its U.S. stock [...]
Continue reading …Warren Buffett is sending a clear signal that he believes Berkshire Hathaway’s stock is undervalued by announcing a plan to repurchase stock for the first time since taking over the firm in 1965. Berkshire said Monday that the company Buffett leads will repurchase its Class A and B shares anytime they are trading within 10 [...]
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