From Yahoo Finance: 2025-05-03 16:21:00

Berkshire Hathaway shareholders reject resolution requiring reporting on risks from race-based initiatives. Seven proposals, including diversity and AI, were voted down. Shareholders also reject resolution on business practices affecting employees based on race, religion, and other factors. Buffett unexpectedly announces plan to step down as CEO at end of year, to be replaced by Greg Abel. Board opposes all proposals, citing decentralized culture and focus on following laws. Berkshire removes reference to diversity and inclusion in latest report, amid pushback on DEI initiatives in private sector and government. Shareholders reelect all eligible directors at meeting.



Read more at Yahoo Finance: Berkshire shareholders reject diversity, AI proposals