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Buffett to answer Berkshire shareholder questions

KDWN

OMAHA, Neb. (AP) — The Berkshire Hathaway shareholders meeting is part celebration and part education.

More than 30,000 people gathered Saturday to hear the company’s top two executives, Warren Buffett and Charlie Munger, answer questions.

Meanwhile, some of the crowd will be buying Berkshire products such as See’s Candy, Brooks running shoes and Fruit of the Loom underwear in an adjoining 200,000-square-foot exhibit hall.

Berkshire’s purchase of half of ketchup-maker H.J. Heinz Co. is almost certain to be discussed because working with an outside investment group on the deal represents a new wrinkle in Buffett’s investing style.

There might also be questions about why Berkshire failed to beat the stock market in four of the past five years.

But shareholder Jack Lewis, from Holt, Missouri, says he’s happy with Berkshire’s performance.

Buffett to answer Berkshire shareholder questions

KDWN

OMAHA, Neb. (AP) — The Berkshire Hathaway shareholders meeting is part celebration and part education.

More than 30,000 people gathered Saturday to hear the company’s top two executives, Warren Buffett and Charlie Munger, answer questions.

Meanwhile, some of the crowd will be buying Berkshire products such as See’s Candy, Brooks running shoes and Fruit of the Loom underwear in an adjoining 200,000-square-foot exhibit hall.

Berkshire’s purchase of half of ketchup-maker H.J. Heinz Co. is almost certain to be discussed because working with an outside investment group on the deal represents a new wrinkle in Buffett’s investing style.

There might also be questions about why Berkshire failed to beat the stock market in four of the past five years.

But shareholder Jack Lewis, from Holt, Missouri, says he’s happy with Berkshire’s performance.

Buffett to answer Berkshire shareholder questions

KDWN

OMAHA, Neb. (AP) — The Berkshire Hathaway shareholders meeting is part celebration and part education.

More than 30,000 people gathered Saturday to hear the company’s top two executives, Warren Buffett and Charlie Munger, answer questions.

Meanwhile, some of the crowd will be buying Berkshire products such as See’s Candy, Brooks running shoes and Fruit of the Loom underwear in an adjoining 200,000-square-foot exhibit hall.

Berkshire’s purchase of half of ketchup-maker H.J. Heinz Co. is almost certain to be discussed because working with an outside investment group on the deal represents a new wrinkle in Buffett’s investing style.

There might also be questions about why Berkshire failed to beat the stock market in four of the past five years.

But shareholder Jack Lewis, from Holt, Missouri, says he’s happy with Berkshire’s performance.

Buffett to answer Berkshire shareholder questions

KDWN

OMAHA, Neb. (AP) — The annual Berkshire Hathaway shareholders meeting is again expected to attract more than 30,000 people who want to hear company chairman and CEO Warren Buffett spend hours answering questions.

The crowd that fills Omaha’s downtown arena Saturday will be looking to hear more about Berkshire’s prospects for growth and acquisitions, as well as how Buffett handled recent concerns regarding Coca-Cola’s executive compensation plan.

Buffett abstained from voting Berkshire’s 400 million shares against the beverage company’s compensation plan even though he criticized it as excessive. Buffett said he didn’t want to express disapproval of the company’s management, but felt that abstaining sent a strong message.

Shareholder Jake Kamm says he wants to hear about why Buffett didn’t vote against the Coca-Cola plan. Kamm says the explanation offered so far isn’t convincing.