Warren Buffett’s Berkshire Hathaway announced Friday that shareholders will not be allowed to attend the annual meeting in Nebraska.
Berkshire (BRK.B) shareholders and Buffett fans attend the meeting every spring to take in what The Oracle of Omaha and Vice Chairman Charlie Munger profess about the markets and economy.
The convention venue is populated with Berkshire subsidiaries Geico, Dairy Queen and Oriental Trading plus big Berkshire investments like Coca-Cola (KO) showcasing special products at the meeting.
I very much regret this action; for many decades the annual meeting has been a high point of the year for me and my partner, Charlie Munger. It is now clear, however, that large gatherings can pose a health threat to the participants and the greater community. We won’t ask this of our employees and we won’t expose Omaha to the possibility of becoming a “hot spot” in the current pandemic, Buffett said in a press release
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