Berkshire Hathaway refused to change to the dynasty, a 91 -year -old stock, Buffett, s

(Morning News) Berkshire Hathaway urged shareholders last Friday (March 11) and refused to remove the proposal of the chairman of Warren Buffett as the chairman.

Berkshire Hathaway's board of directors said that shareholders should reject the proposal of the position of the company's chairman and CEO positions by rejection of the Pennsylvania Investment Company Federated Hermes.Because if this move, it will force Buffett to resign from the company's chairman, and it will also force Berkshire Hathaway to introduce another new chairman to replace the 91 -year -old god.

At present, Buffett is both in the company. He is the chairman and CEO of Berkshire Hathaway.

Berkshire Hathaway has been managed and operated by Buffett since 1965.The company said that Buffett only paid $ 373,204 last year, which was lower than $ 380,328 in 2020.Buffett's salary is composed of $ 100,000, as well as other individuals and family welfare facilities.

Although Buffett's salary is very low as CEO, his 16.2 % of his shares in Berkshire Hathaway made his net assets reach 117.9 billion US dollars, becomingForbes Magazine (Forbes) lists the fifth largest richest man in the world.

Berkshire Hathaway disclosed Buffett's salary and the company's proposal on shareholders before the annual meeting was held on April 30.

The document also said that Greg Abel, vice chairman of Berkshire Hathaway's non -insurance and insurance business, respectively.A $ 19 million in salary.Their salary is set by Buffett.

According to previous reports, Berkshire Hathaway has also publicly stated that if Buffett cannot continue to hold an existing position, Abel will take over as a new CEO, and Buffett’s son’s sonHoward Buffett will become a non -executive chairman.

According to this document, Berkshire Hathaway's directors agreed to separate the positions of chairman and chief executive positions in principle, but this approach should no longer serve as CEO in Buffett.The official will be implemented afterwards.

Buffett currently controls the 32.1 % voting right of Berkshire Hathaway.Therefore, if he opposes the proposal of shareholders, it is usually unable to pass.

Berkshire Hathaway's stock price rose 7.81 % or $ 35,552 this year, and a closure of US $ 489,802 last Friday.During this period, the standard and the Poole 500 index fell 12.35 %, closing the market at 4204.31 points last Friday.