Berkshire opposes the proposal. The company argues that someone outside of management should be chairman after Buffett is no longer in office, but that the billionaire should remain chairman and CEO. Buffett is 91 years old and has run Berkshire since 1965.
Under Berkshire’s plans, Howard Buffett, son of Warren Buffett, would become non-executive chairman after his father’s departure.while Vice President Greg Abel would become CEO.
Buffett recently controlled about 32% of Berkshire’s voting power, while owning about 16% of its shares.
your last investment
The renowned investor expanded his strategy and invested through his company Berkshire Hathaway a package of 120.95 million shares of the American manufacturer of computers and printers HP, whose value was estimated at US$4.2 billion (3.872 million euros). .
According to the records of the United States Securities Market Commission (SEC).
Berkshire bought part of the shares this week in multiple transactions and now has an investment of about 121 million shares in the computer company, according to a regulatory filing published on Wednesday. “Berkshire Hathaway is one of the world’s most respected investors and we welcome him as an investor in HP,” said an HP spokesman.
The investment giant has been finding more and more ways to put its money to work, helped in part by volatility that has dragged the S&P 500 Index down nearly 6% so far this year.
Source: Ambito
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