(Bloomberg) -- When Berkshire Hathaway Inc. devotees gather in Omaha on Saturday for its annual meeting, there will be a noticeable void on stage.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaHuawei Secretly Backs US Research, Awarding Millions in PrizesTesla Axes Supercharger Team in Blow to Broader EV MarketThe meeting is Berkshire’s fi
Berkshire Hathaway annual meeting is coming up on Saturday and will likely be a bittersweet event. As many as 30,000 investors will travel to Omaha for what CEO Warren Buffett calls a “Woodstock for Capitalists” to soak up the scene and enjoy the financial insights, humor, and life lessons offered by Buffett. For the morning session, he will be accompanied on stage by Berkshire vice chairmen Greg Abel and Ajit Jain.
A utility owned by Warren Buffett's Berkshire Hathaway faces $30 billion of new claims blaming it for causing Oregon wildfires in 2020, nearly four times the maximum loss it had projected. One thousand victims filed claims against the PacifiCorp utility on Monday in a state court in Portland. The claimants were added to litigation where a jury last June ordered PacifiCorp to pay $90 million to 17 claimants for gross negligence over its failure to shut down power lines during a Labor Day windstorm.