Berkshire Hathaway Annual Shareholder Meetings (since 1994) 2022-Part 2-BRK Annual Shareholders Meeting
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Apr 24, 2023 Jaylen Spann, a representative of Whistle Stop Capital, dives into pressing shareholder proposals focused on greenhouse gas emissions and diversity, equity, and inclusion efforts. The discussion emphasizes the need for greater transparency in corporate governance and accountability in addressing climate change. Spann advocates for an independent board chair, critiquing the current corporate practices that stifle shareholder input. With a backdrop of Berkshire Hathaway's strategic decisions, he's passionate about aligning business practices with long-term societal values.
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Berkshire's Shareholder Philosophy
- Berkshire Hathaway prefers maintaining their current shareholder group rather than recruiting new shareholders.
- They see constant earnings targets and forecast pressures as destructive and against their culture.
Buffett's Activision Arbitrage Move
- Warren Buffett personally bought 9.5% of Activision following Microsoft's acquisition announcement.
- He treats such arbitrage-like deals cautiously due to regulatory uncertainty.
Index Funds' Corporate Influence
- Large index fund managers wield significant and sometimes disproportionate influence over corporate governance.
- Public and political pressures may force these funds to moderate their power or share voting responsibilities.