Warren Buffett throughout an interview with CNBC’s Becky Quick on February 24, 2020.
Gerry Miller | CNBC
Berkshire Hathaway stated 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 corporate stated in an announcement.
The announcement comes whilst coronavirus vaccinations might start within the U.S. as quickly as this month for entrance line staff and at-risk sufferers. However, it is nonetheless unclear how rapidly the distribution will absorb 2021 to the final inhabitants so Berkshire is just not taking any probabilities. On Wednesday, the U.S. hit 100,000 Covid-19 hospitalizations — probably the most for the reason that pandemic started, based on knowledge from the Covid Tracking Project, which is run by journalists at The Atlantic.
Berkshire Hathaway stated that May’s meeting will be just like its 2020 annual shareholder meeting, which was additionally held virtually.
Typically each May, tens of 1000’s of individuals descend on Omaha to listen to CEO Warren Buffett, 90, and Vice Chairman Charlie Munger, 96, opine on the state of Berkshire’s companies 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 corporate stated.