A shareholder measure that would have removed Warren Buffett as chairman of Berkshire Hathaway was overwhelmingly rejected.
In a filing Wednesday with the Securities and Exchange Commission, Berkshire Hathaway Inc. BRK.B, +2.45% BRK.A, +2.73% disclosed that a shareholder measure that would have removed him as chairman was overwhelmingly rejected.
The proposal, which called for an independent chair, received only 54,425 votes to 448,868 against , according to the filing. The measure from the National Legal and Policy Center — and supported by CalPERS, the country’s largest state public pension fund — argued that there is weaker corporate governance when the same person hold the CEO and chairman titles.
Read: Dump Buffett as Berkshire’s chairman? That’s exactly what’s wrong with so many shareholder proposals this yearThree other shareholder measures, including one to require more transparency into the conglomerate’s climate-related risks and opportunities, also failed by wide margins, according to the filing.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Won't buy all the Bitcoin in the world for $25 says Warren BuffettBuffett has called Bitcoin an unproductive asset, which draws investors but doesn't produce anything and won't multiply. He does not want to deal with them.
Read more »
'We are not going back': Warren joins protesters outside Supreme Court'We are not going back': Sen. Elizabeth Warren joins abortion rights supporters protesting outside the Supreme Court after a draft opinion on a potential vote to overturn Roe v. Wade was leaked by Politico.
Read more »
Warren Leight Exits As ‘Law & Order: SVU’ Showrunner For Second TimeWarren Leight is leaving Law & Order: SVU after serving as an executive producer and showrunner on the venerable NBC crime drama for the past three seasons. It was his second stint at the helm …
Read more »
Sen. Warren: 40 percent with student loan debt do not have a college diplomaPresident Biden canceling student debt and significant student debt relief are encouraged by Sen. Elizabeth Warren. 'In fact, 40 percent of the people who have student loan debt do not have a college diploma. Think about that,' Sen. Warren tells Joy Reid.
Read more »
“We Are Not Going Back!” A Furious Warren Delivers Rousing Speech to Pro-Abortion Protesters Outside Supreme CourtElizabeth Warren:“I am angry because of who will pay the price for this. This will fall on the poorest [people] in our country. This will fall on young [people] who have been abused, who are victims of incest. This will fall on those who have been raped.”
Read more »
'I Am Angry!': Warren Unleashes in Fiery Speech Against 'Extremist' Court\u0022The United States Congress can keep Roe v. Wade the law of the land, they just need to do it,\u0022 said the senator.
Read more »