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 …
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 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 …
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 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 …
Warren Buffett’s company plans to hold its annual shareholders meeting that used to routinely attract more than 40,000 people in person this spring for the first time since the pandemic began. Berkshire Hathaway said Jan. 25 that at this point …
A French appeal court on Wednesday rejected a request by chemicals group Lubrizol to have judicial charges over a fire at a plant in Rouen quashed because of alleged irregularities in the investigation, a lawyer for the company said. The …
Warren Buffett’s Berkshire Hathaway Inc. appears to have extended its drive to repurchase its own stock, even with its share price near a record high, according to regulatory filings and an analyst. Edward Jones & Co. analyst James Shanahan estimated …
Berkshire Hathaway Inc. said on Monday it has taken a $943 million stake in insurance brokerage Aon Plc and sold large portions of its investments in Chevron Corp. and Wells Fargo & Co. The changes were disclosed in a regulatory …
Warren Buffett ended long-running speculation about his successor at Berkshire Hathaway Inc by saying Greg Abel, who oversees the conglomerate’s non-insurance businesses, would be named chief executive if he were to step down. Buffett, 90, told CNBC that “the directors …
