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    In this article BRK.ABerkshire Hathaway Annual Shareholder Meeting signage in Omaha, Nebraska, April 29, 2022.David A. Grogan | CNBCBerkshire Hathaway shareholder meeting's pregame is nothing short of an extravaganza. Thousands of Berkshire shareholders flocked to Omaha, Nebraska this weekend for the annual meeting Saturday. Before hearing from Warren Buffett and Charlie Munger, investors gathered in a sprawling convention center to explore exhibits featuring the conglomerate's holdings — from toy trains mimicking BNSF's railroad, Berkshire chocolate coins from See's Candies to Buffett-branded Brooks athleisure. The so-called "Berkshire Bazaar of Bargains" is a tradition at the "Oracle of Omaha's" annual event. Only those with a shareholder credential can participate and they can shop at a discount in the CenturyLink Center. CNBC will host the exclusive livestream of the shareholder meeting on Saturday starting at 9:45 am ET.See's CandiesA display showing chocolate coins at the Berkshire Hathaway Annual Shareholder Meeting in Omaha, Nebraska.Yun Li | CNBCThe sweets at See's Candies attracted a big crowd at the "Woodstock for Capitalist." Two hits of the day were Berkshire chocolate coins and Buffett's favorite — Chocolate walnut fudge.The...
    In this article AMZNAndy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesAmazon will conduct a racial-equity audit of its hourly workers after shareholders urged the company to provide more transparency into how its policies affect diversity, equity and workplace inclusion. The company said in a recent securities filing that the audit will evaluate "any disparate racial impacts on our nearly one million U.S. hourly employees resulting from our policies, programs and practices." The audit will be led by former Attorney General Loretta Lynch, now a partner at Paul, Weiss, Rifkind, Wharton & Garrison, as well as other attorneys from the firm. Amazon said it will make the results of the audit public, but didn't provide a projected completion date. Shareholders have been pressing Amazon to commission an independent review of how the company may contribute to racial inequities. Meanwhile, New York State Comptroller Thomas DiNapoli has refiled a proposal for a racial-equity audit to be voted on at Amazon's annual shareholder meeting next...
    In this article KSSPeople shop at Kohl's department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California.Liu Guanguan | China News Service | Getty ImagesKohl's on Thursday sent a letter to shareholders in which it pushed back against activist investor Macellum's campaign to add new directors to the retailer's board. In the letter, which comes ahead of Kohl's annual meeting with shareholders in May, the retailer called Macellum's nominees an "unqualified slate." "Macellum is promoting an ever-changing narrative, misinformed claims, and value-destructive proposals, all of which reveal a reckless and short-term approach that is not in the interest of driving long-term, sustainable value," Kohl's said. A representative for Macellum didn't immediately respond to CNBC's request for comment. Shares of Kohl's were little changed in premarket trading. Find the full letter sent to Kohl's shareholders here. This story is developing. Please check back for updates.TVWATCH LIVEWATCH IN THE APPUP NEXT | ETListen
    Daniel Zuchnik | WireImage | Getty Images Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world. Read the full letter here.TVWATCH LIVEWATCH IN THE APPUP NEXT | ETListen
    OMAHA, Neb. (AP) — Warren Buffett’s company plans to hold its annual shareholders meeting that used to routinely attract more than 40,000 people in person this spring for the first time since the pandemic began. Berkshire Hathaway said Tuesday that at this point it is planning to hold the meeting in person on April 30. For the past two years, the meeting was held online only. In the past, throngs of people would fill an arena in downtown Omaha every year to listen to Buffett and other Berkshire officials spend hours answering any and all questions. Many of Berkshire’s more than 90 companies also set up booths to sell some of the products in a crowded exhibit hall adjoining the arena. Berkshire said the meeting will also be webcast again this year for anyone who would rather watch it online. The company also said it will release Buffett’s well-read annual letter to shareholders and Berkshire’s earnings report on its website on Feb. 26. The Omaha, Nebraska-based Berkshire is an eclectic conglomerate that includes BNSF railroad, a number of large electric...
    Warren Buffett’s enthusiasm for the future of America and his company Berkshire Hathaway Inc. has not been tempered by the coronavirus pandemic. Buffett used his annual letter to investors to ensure that he and his successors would be careful stewards of their money in Berkshire. Despite the disappearance of more than 31,000 jobs from Berkshire’s workforce last year, Buffett maintained his trademark optimism, buying back a record $ 24.7 billion of his shares in 2020 in a sign that he considers them undervalued. . He also praised the economy’s ability to withstand “severe disruptions” and enjoy “impressive” progress. “Our unshakable conclusion: Never bet against America,” he said. The letter breaks an unusual silence for Buffett, 90, who has been almost completely invisible to the public since the Berkshire annual meeting last May. But while he touched on well-known topics, like the greed of Wall Street bankers for settlement fees that benefit them more than the companies they represent, Buffett did not stop at the pandemic, the main driver of Berkshire job losses. Nor did he address recent social upheavals or...
    TommL | E+ | Getty Images With sustainable investing, you cannot only use your money to make the world a better place, you can also use your money's voice. Such is the job of shareholder advocacy, a primary strategy under the umbrella of sustainable/socially responsible investing. A small, but dedicated number of financial advisors, along with other active asset owners and investment managers, are deploying this type of activism on behalf of their clients to make large corporations take notice of, and respond to, shareholder concerns. The three main ways this type of activism raises the voice of the shareholder are company engagement, shareholder resolutions and proxy voting.1. Company engagementCompany engagement, also called dialogue, refers to a conversation with a company on environmental, social and governance issues of concern to the shareholder. The vast majority of companies will talk to their shareholders, said advocacy pioneer Tim Smith, director of ESG shareowner engagement for investment manager Boston Trust Walden in Boston. Smith and his firm engage with about 100 companies per year, often collaborating with large investor coalitions, groups of institutional...
    FREMONT (CBS SF / CNN) — Most companies are being careful during the pandemic, holding virtual annual meetings among other safety measures. But that won’t do for Elon Musk, a vocal critic of Covid-19 safety measures. Musk went on an obscenity-laced rant against stay-at-home orders during a quarterly conference call with investors in April, calling such measures “fascist” and un-American. In May, he reopened Tesla’s Fremont plant despite restrictions by county health officials, filing a federal lawsuit and threatening to move his company’s headquarters out of state. And while almost every major company has shifted to virtual annual shareholder meetings in recent months, Tesla insists it will hold its own gathering the old fashioned way, in a room filled with investors, Tesla executives and board members. In a filing on Monday, Tesla said its management and board values in-person meetings and they believe that “Tesla’s stockholders appreciate the interpersonal connection and dynamic that is possible only with a live, in-person annual meeting of stockholders.” But it won’t be holding that on July 7 as originally planned. Instead Musk disclosed on Twitter this past weekend that the date has tentatively been reset...
    Elon Musk, co-founder and chief executive officer of Tesla Motors.Yuriko Nakao | Bloomberg | Getty Images Tesla CEO Elon Musk tweeted late Friday that the company will have to postpone its annual shareholder meeting which was scheduled for July 7 due to the coronavirus outbreak. "We will have to postpone annual shareholder meeting, as still no large gatherings allowed by July 7th. Not sure of new date, but am guessing maybe a month or so later," Musk said in his tweet. Tesla is facing pressure from proxy advisors Glass Lewis and Institutional Shareholder Services (ISS) who are both urging shareholders to vote to oppose the reelection of Robyn Denholm as board chair at the electric vehicle maker. The proxy advisers have expressed concerns over Tesla's high compensation for directors, and a steep rise in the amount of shares pledged by Tesla directors and executives, including Elon Musk, since Denholm was appointed chair in November 2018. Denholm replaced Elon Musk as chairman of the board after he was forced to give up the role as part of a settlement agreement with...
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