Business Maverick

Business Maverick

Bid to Remove Warren Buffett as Chair of Berkshire Hathaway Rejected at Meeting

Bid to Remove Warren Buffett as Chair of Berkshire Hathaway Rejected at Meeting
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., speaks during a Bloomberg Television interview in New York, U.S., on Wednesday, Aug. 30, 2017. Buffett said the rally in markets over the last several years has made it harder to find bargains, but that stocks remain his choice over bonds.
By Bloomberg
08 May 2023
0

A long-shot bid by a conservative group to remove Warren Buffett as chair of Berkshire Hathaway Inc. failed by a wide margin at the company’s annual shareholder meeting in Omaha on Saturday.

The National Legal and Policy Center said in its proposal that Buffett’s ties to Bill Gates and his political views could hurt investors as it urged the separation of Buffett’s roles. Berkshire has said that Buffett will remain the board chair as long as he is chief executive officer, but once he steps down, a non-management member of the board would serve as chair.

Buffett said at the meeting at the CHI Health Center that donations he’s given to the Bill and Melinda Gates Foundation were his money and not from Berkshire Hathaway.

Speaking in support of the proposal, which was one of six up for a vote, Peter Flaherty, chair of the National Legal and Policy Center, mentioned Gates’s association with Jeffrey Epstein, the disgraced financier and sex trafficker. It then appeared Flaherty’s microphone was cut off. Omaha police later charged him with trespassing.

Berkshire Hathaway and CHI Health Center didn’t respond to requests for comment, and the police department declined to comment. Flaherty was released on $250 bail.

Gallery

Comments - Please in order to comment.

Top Reads This Hour

Families seek clarity on travel with Zimbabwean Exemption Permits after extension
Africa

Families seek clarity on travel with Zimbabwean Exemption Permits after extension
Residents advised to limit outdoor activities amidst city’s extreme air pollution, and more from around the world
Maverick Life

Residents advised to limit outdoor activities amidst city’s extreme air pollution, and more from around the world
It takes two to tango - Businesses have also been culpable in dishonesty, looting and bringing SA to its knees
Op-eds

It takes two to tango – Businesses have also been culpable in dishonesty, looting and bringing SA to its knees
Mavuso Msimang reached a critical tipping point with the ANC — will the voters follow?
Maverick News

Mavuso Msimang reached a critical tipping point with the ANC — will the voters follow?
David Teeger will captain SA under-19 at home Cricket World Cup next year
Maverick News

David Teeger will captain SA under-19 at home Cricket World Cup next year

TOP READS IN SECTION

Dan Marokane expected to be appointed as new Eskom CEO
Maverick News

Dan Marokane expected to be appointed as new Eskom CEO
It’s now up to government to decide on R3.8bn bailout for SA Post Office
Maverick News

It’s now up to government to decide on R3.8bn bailout for SA Post Office
Two-pot retirement reform implementation moves to 1 September in ‘happy’ compromise
South Africa

Two-pot retirement reform implementation moves to 1 September in ‘happy’ compromise
SA’s current account deficit narrows more than expected as imports fade on weakening demand
Maverick News

SA’s current account deficit narrows more than expected as imports fade on weakening demand
Renewable energy producers must clear new Eskom hurdle to supply electricity to national grid
Maverick News

Renewable energy producers must clear new Eskom hurdle to supply electricity to national grid

Investigations

News & Analysis

Features

Newsletters

Community

DM168

Daily Maverick © All rights reserved

Please peer review 3 community comments before your comment can be posted

MavericKids vol 3

How can a child learn to read if they don't have a book?

81% of South African children aged 10 can't read for meaning. You can help by pre-ordering a copy of MavericKids.

For every copy sold we will donate a copy to Gift of The Givers for children in need of reading support.

A South African Hero: You

There’s a 99.8% chance that this isn’t for you. Only 0.2% of our readers have responded to this call for action.

Those 0.2% of our readers are our hidden heroes, who are fuelling our work and impacting the lives of every South African in doing so. They’re the people who contribute to keep Daily Maverick free for all, including you.

The equation is quite simple: the more members we have, the more reporting and investigations we can do, and the greater the impact on the country.

Be part of that 0.2%. Be a Maverick. Be a Maverick Insider.

Support Daily Maverick→
Payment options