The following is an excerpt from Steve Schaefer, Forbes Staff | May 3, 2012 | Forbes.com |
It’s known as the “Woodstock of Capitalism” and it takes place this weekend in Omaha, Nebraska: the annual Berkshire Hathaway shareholder meeting.
In addition to exhibitions of all the wares sold by Berkshire’s many businesses, the event offers the opportunity for shareholders to ask Warren Buffett his thoughts about pretty much anything. There will be no shortage of topics for the thousands of shareholders attending the meeting at Omaha’s CenturyLink Center Saturday. (A trio of journalists and, for the first time, three analysts will also be lobbing questions at the billionaire investing legend.)
Top of mind for many in Omaha will be Buffett’s health and the succession plans for Berkshire, after the news in April that the octogenarian was diagnosed with prostate cancer. In February, when Buffett released his annual letter to shareholders, he revealed that the Berkshire board has decided on a leading candidate to eventually succeed him as CEO, but to date he has declined to identify the individual.
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