Warren Buffett News

Buffett Donates $4 Billion to Charity

Warren Buffett on Tuesday donated about $4 billion to the Bill & Melinda Gates Foundation Trust and four family charities, part of the billionaire’s pledge to give away nearly all of his net worth. Berkshire Hathaway Inc., which Buffett has …

Berkshire Hathaway’s Buffett Talks Nuclear Risk and Tribalism

Shareholders attending Berkshire Hathaway’s annual meeting on Saturday had questions about what will happen to the conglomerate when Chairman Warren Buffett is no longer around to lead it. They also wanted to know how external problems of the world would …

State Farm Still Wins: Buffett Talks Auto Insurance at Annual Event

There wasn’t a lot of talk about auto insurance at this year’s annual meeting of Berkshire Hathaway, but when the subject came up, Warren Buffett acknowledged the continued dominance of one competitor—a mutual insurer. “The largest auto insurance company in …

Berkshire Shareholders Vote to Keep Buffett as Chairman, Reject Climate Disclosures

Berkshire Hathaway Inc. shareholders on Saturday rejected proposals to have an independent chair replace Warren Buffett, and require his company to disclose more about its climate-related risks and efforts to improve diversity. Shareholders supported letting Buffett keep both the chairman …

Berkshire Investors Nudge for Better Governance, Social Issues as Meeting Looms

Warren Buffett will face pressure to improve Berkshire Hathaway Inc’s environmental and social policies as well as governance when he meets shareholders this weekend, in what investors say is a harbinger of what may come after the 91-year-old billionaire is …

Largest Public Pension Fund to Vote to Replace Buffett as Berkshire Chairman

CalPERS, the largest U.S. public pension fund, on April 19 said it will vote for a shareholder proposal that Berkshire Hathaway Inc. replace Warren Buffett as chairman, though he would remain chief executive officer. The fund, whose full name is …

Buffett’s Berkshire Hathaway to Buy Alleghany for $11.6 Billion

Warren Buffett’s Berkshire Hathaway said it reached an agreement with Alleghany Corp. to buy the New York-based property and casualty insurer for about $11.6 billion. Omaha, Nebraska-based Berkshire will acquire all outstanding Alleghany shares for $848.02 per share in cash …

Berkshire Rejects Calls to Replace Buffett, Boost Climate Reporting, Improve Diversity

Berkshire Hathaway Inc. on Friday urged the rejection of four shareholder proposals recommending that it replace Warren Buffett as chairman, report on its plans to handle climate risk and reduce greenhouse gases, and improve diversity. The company, run by Buffett …

Berkshire’s GEICO Posts 2021 Profit Much Lower Than 2020

Although Berkshire Hathaway’s biggest insurance operation GEICO reported a 63 percent drop in pretax underwriting income in 2021, overall the conglomerate’s insurance and reinsurance operations saw pretax underwriting profit jump nearly 12 percent, the annual report reveals. Underwriting profit for …

Berkshire Confirms Omaha Venue for In-Person Shareholders Meeting

Berkshire Hathaway confirmed that that its annual shareholders meeting will be an in-person meeting held in Omaha in April. The meeting will take place April 30 at the CHI Health Center, an arena and convention center in central Omaha. “We …