S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

Buffet Age a Concern at Berkshire Hathaway Annual Meeting

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Warren Buffett
White House Photo by Pete Souza
Apparently two things will dominate the upcoming Berkshire Hathaway Inc. (NYSE: BRK-A) annual meeting, where CEO Warren Buffett holds forth about his company, and almost anything else that is on his mind.

CNBC says about the Berkshire Hathaway annual meeting:

Warren Buffett may be on safari for major acquisitions, which he likes to call elephants, but shareholders may wonder if his Berkshire Hathaway Inc has become the biggest elephant in the room.

Berkshire has grown to look more and more like corporate America, as Buffett expands outside its core insurance business into such areas as energy, industrial products, newspapers, and in February ketchup, when he teamed up with Brazil’s 3G Capital investment firm to buy H.J. Heinz Co for $23.2 billion.

And:

Some investors will also ask how long a man of Buffett’s age, even one who recently beat prostate cancer, can remain at the helm of the company he has led since 1965.

“There is nothing the board can do to halt the aging of the CEO, but it has no higher priority than to prepare for succession,” said Thomas Russo, a partner at Gardner, Russo & Gardner in Lancaster, Pennsylvania, which invests 11 percent of its more than $6 billion of assets in Berkshire.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

What Is Important in the Financial World (5/1/2013)

ThinkstockGlobal Consumer Confidence The Nielsen Global Survey of Consumer Confidence and Spending Intentions for the first quarter of 2013, shows…
Famed Wall Street Investor Bets 80% of Firm on These Stocks
Will Ashworth |

Famed Wall Street Investor Bets 80% of Firm on These Stocks

Tom Russo is the Managing Member and Chairman of Gardner, Russo & Quinn, a Lancaster, Pennsylvania-based RIA. His firm provides…
With $350 Billion, What Will Warren Buffett’s Successor Do With the Cash?
Chris MacDonald |

With $350 Billion, What Will Warren Buffett’s Successor Do With the Cash?

Investors around the world have received some rather incredible news this past week. Berkshire Hathaway (NYSE:BRK-B | BRK-B Price Prediction) CEO Warren…
Jon C. Ogg |

Berkshire Hathaway Annual Meeting, Full Preview of Warren Buffett (BRK-A, BRK-B, GS, GE, LZ, COP, KO, PG, WFC, AIG)

This coming weekend will mark the one weekend that the hotels, retailers, and restaurants all look forward to in Omaha,…
Warren Buffett’s Net Worth Jumped $26 Billion This Year
Douglas A. McIntyre |

Warren Buffett’s Net Worth Jumped $26 Billion This Year

As Warren Buffett said he would step down as the CEO of Berkshire Hathaway (NYSE: BRK-B), which he took over…
Warren Buffett: Here’s Where You’re Wasting Hard-Earned Money
Ian Cooper |

Warren Buffett: Here’s Where You’re Wasting Hard-Earned Money

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through…
Jon C. Ogg |

Buffett/Berkshire Annual Report: No Dividend nor Successor, Will Keep Buying Stocks and Companies

White House Photo by Pete SouzaWarren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-A) has released his annual letter to shareholders.…
Warren Buffett Is Collecting $1 Billion a Year in Passive Income From This Stock Alone
Lee Jackson |

Warren Buffett Is Collecting $1 Billion a Year in Passive Income From This Stock Alone

If any investor has stood the test of time, it’s Warren Buffett, and with good reason. For years, the “Oracle…
Jon C. Ogg |

Buffett’s Unusual Position At Berkshire Hathaway Annual Meeting (BRK-A, BRK-B, GS, IBM, INTC, MSFT, DVA, DG, KO, WFC)

This weekend has perhaps the most widely followed annual meeting from any public company in America as Berkshire Hathaway Inc.…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618