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(Morning News) Berkshire Hathaway continued to change the dynasties.
The largest public pension fund in the United States, California Public Employees' Retirement System, referred to as: CALPERS), overnight (Tuesday) indicating that supporting the stock god Berkshire Hathaway to leave the directorA proposal.
Calpers will vote to support the company's proposal to replace Buffett as the chairman, but still support Buffett to continue to serve as CEO.At present, Buffett is a double position in the company. He is the chairman of Berkshire Hathaway and CEO.
Calpers is the willingness to vote in a regulatory regulatory document before the annual shareholders meeting held on the 30th of this month.Calpers is one of the company's main shareholders and has more than $ 2.3 billion in Berkshire Hathaway's shares.
Calpers believes that when a person serves as CEO and chairman at the same time, the contributions that these two characters can make will "greatly reduce".However, Berkshire Hathawa opposed the proposal.The company has stated that after Buffett no longer in power, people other than management will be chairman.But at present, Buffett should continue to serve as chairman and CEO.Buffett, 91, has been in charge of Berkshire Hathaway since 1965.
Berkshire Hathawa also revealed that the company plans to make Buffett's son Howard Buffett become non -executive chairman, and the current vice chairmanGreg Abel is the CEO.
Although the sound of Buffett's abdication is constant, as long as it is a proposal against the shareholders opposed by Berkshire Hathaway, it is usually rejected by an overwhelming voting.Because Buffett itself controlled about 32 % of Berkshire Hathaway's voting rights, and also had about 16 % of stocks.
In addition to Calpers, Federated Hermes, another shareholder of Pennsylvania last month, also proposed to separate the positions of the chairman and CEO position of Berkshire Hathaway.Resigning the company's chairman also forced Berkshire Hathane to introduce another new chairman to replace the 91 -year -old god.
However, Buffett said in an interview a few days ago that he had a good physical condition and did not resign from the plan of the CEO of Berkshire Hathaway.On the contrary, he was eagerly looking forward to face -to -face with shareholders at the company's annual meeting on April 30.The attendance rate of this annual shareholders' meeting may also reach a record high.
Berkshire Hathaway's stock price rose by 15.24 % or $ 69,250 this year, and the market was closed at $ 52,550 overnight.During this period, the standard and the Poole 500 index fell 6.97 %, closing at 4462.21 points overnight.