Berkshire Board of Directors Recommends Vote Against Dividend

Investor Warren Buffett would much prefer to use Berkshire Hathaway’s tremendous pile of cash to buy businesses instead of returning it to shareholders. This strategy has worked incredibly for many years, and since the financial crisis Berkshire Hathaway shares are up 125% in a five-year period, and they acquired companies like Heinz and Burlington Northern …

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Buffett Opposes Dividend Proposal

Warren Buffett of Berkshire Hathaway has just urged Berkshire shareholders to vote against a current proposal that they will consider spending $48.2 billion worth of cash on a “meaningful” dividend. According to a proxy filing from Berkshire on Friday, a Cincinnati resident named David Witt, owner of nearly $8600 worth of Berkshire Hathaway stock, is …

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