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Berkshire Hathaway director Olson to step down, Buffett opposes shareholder proposals

Cs news4 months ago04 mins

By Jonathan Stempel (Reuters) – Berkshire Hathaway said on Friday longtime Director Ronald Olson will be leaving its board because of a policy change requiring directors, except for Warren Buffett, to step down after turning 80. In a proxy statement for its May 3 annual meeting in Omaha, Nebraska, Berkshire also said its board unanimously…

Crucial Conclusions From Berkshire Hathaway’s Third-Quarter Earnings

Cs news8 months ago8 months ago029 mins

While Berkshire Hathaway’s operating earnings declined for the quarter, its cash hoard rose above … [+] $320 billion. NBCU Photo Bank/NBCUniversal via Getty Images Berkshire Hathaway (BRK/A, BRK/B) reported earnings of $26.3 billion in the third quarter versus a loss of $12.8 billion in the same quarter of 2023. Operating earnings, which remove the distortion…