Buffett to answer Berkshire shareholder questions
OMAHA, Neb. (AP) — The annual Berkshire Hathaway shareholders meeting is again expected to attract more than 30,000 people who want to hear company chairman and CEO Warren Buffett spend hours answering questions.
The crowd that fills Omaha's downtown arena Saturday will be looking to hear more about Berkshire's prospects for growth and acquisitions, as well as how Buffett handled recent concerns regarding Coca-Cola's executive compensation plan.
Buffett abstained from voting Berkshire's 400 million shares against the beverage company's compensation plan even though he criticized it as excessive. Buffett said he didn't want to express disapproval of the company's management, but felt that abstaining sent a strong message.
Shareholder Jake Kamm says he wants to hear about why Buffett didn't vote against the Coca-Cola plan. Kamm says the explanation offered so far isn't convincing.