
1995-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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We're Authorizing a Million Shares of Common Stock
We're only authoring, authorizing a million shares because under Delaware law there's an annual fee. Now in the end many sellers will prefer cash just as in the past, and probably most of the sellers that don't want cash will want common stock. So it's simply one more tool to do it. There's no downside like I say unless we do something stupid, and if we do somethingupid with us we would do something stupid with cash or whatever.
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