More than 40,000 people from around the world are expected to fill an
“I like his style. It makes a lot of sense to me,” Meister said Friday after having his picture taken with a cardboard cutout of a cartoon
“He says he’s going to be around another 10 years, but I wanted to see the annual meeting,” Wilbur said.
There may not be many questions about Berkshire’s recent performance because the company just reported a 10 percent jump in profit Friday. Berkshire earned
But Buffett will likely be asked about Berkshire’s succession plans, given his age, and he may be asked about its manufactured home unit,
Clayton denied wrongdoing, but Buffett has yet to directly address the issue. Clayton has one of its newer homes on display at the meeting.
Buffett has praised Clayton in the past. Last year, Clayton sold 30,871 homes to account for 45 percent of the manufactured homes. Clayton maintains a
Despite Buffett’s age, many investors remain confident in the company’s future even after its top two executives are gone.
“I have no qualms about it continuing,” said
“Everyone worries about succession. I’m not worried at all,” said Curtis, 71. “The guy is so smart. He’s going to have that in control.”
To eventually replace Buffett, Berkshire plans to split his job into several parts. Several investment managers will oversee Berkshire’s portfolio, and one of the company’s current managers will become CEO, but the candidates haven’t been named.
Buffett, however, has no plans to retire, and he says he loves his work and remains in good health.
Berkshire owns roughly 80 subsidiaries, including clothing, furniture and jewelry firms. Its insurance and utility businesses typically account for more than half of the company’s net income. It also has major investments in such companies as