Berkshire Rejects Shareholder Call to Replace Warren Buffett as Chairman

Berkshire Rejects Shareholder Call to Replace Warren Buffett as Chairman
Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc.'s annual shareholder meeting in Omaha, Neb., on May 4, 2019. Scott Morgan/Reuters
|Updated:

Berkshire Hathaway Inc. on Friday urged the rejection of four shareholder proposals recommending that it replace Warren Buffett as chairman, report on its plans to handle climate risk and reduce greenhouse gases, and improve diversity.

The company, run by Buffett since 1965, also said the 91-year-old received $373,204 in compensation for 2021, down from $380,328 a year earlier, comprising his usual $100,000 salary plus personal and home security.