Warren Buffett’s Berkshire Hathaway will hold its May annual meeting virtually again

Investing

Warren Buffett during an interview with CNBC’s Becky Quick on February 24, 2020.

Gerry Miller | CNBC

Berkshire Hathaway said Thursday that it will hold its annual shareholder meeting, slated for May, virtually.

“Unfortunately, we do not currently believe it will be safe at that time to hold a meeting with nearly 40,000 attendees as we last did in 2019,” the company said in a statement.

The announcement comes even as coronavirus vaccinations could begin in the U.S. as soon as this month for front line workers and at-risk patients. However, it’s still unclear how quickly the distribution will take in 2021 to the general population so Berkshire is not taking any chances. On Wednesday, the U.S. hit 100,000 Covid-19 hospitalizations — the most since the pandemic began, according to data from the Covid Tracking Project, which is run by journalists at The Atlantic.

Berkshire Hathaway said that May’s meeting will be similar to its 2020 annual shareholder meeting, which was also held virtually.

Typically every May, tens of thousands of people descend on Omaha to hear CEO Warren Buffett, 90, and Vice Chairman Charlie Munger, 96, opine on the state of Berkshire’s businesses and investing.

“We hope that the 2021 meeting will be the last time that shareholders are unable to attend in person. We look forward to 2022 when we expect to again host shareholders in Omaha at our usual large gala aka ‘Woodstock for Capitalists,'” the company said.

Products You May Like

Articles You May Like

Trading volume is up from 2020’s breakneck pace as retail investors jump in
‘People fail because they fear each other’: 9 life and leadership lessons from Martin Luther King Jr.
UK health experts have advice for the U.S. on fighting the new Covid strain
American Eagle sees holiday-quarter sales dropping low-single digits amid weak mall traffic
Overall bitcoin-related crime fell last year, but one type of crypto hack is booming

Leave a Reply

Your email address will not be published. Required fields are marked *