
2016-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The Pressure for Cash at Berkshire
First American corporations separate out supposedly one-time restructuring costs whereas Berkshire doesn't. Have you ever calculated how much higher operating earnings on average would be if Berkshire separated out plant closing costs, product line exits, severance pay and similar items? Is it a material number or does Berkshire not incur much in the way of these types of costs typically because most of your acquisitions are standalone? Let me take that one. That's somebody else at the record on that one. Okay, Johnny. You can argue we got a pretty good thing going and float anyway. Yeah, and we don't need it.
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