No. of Recommendations: 0
On Saturday, Mr Buffett stated that he would recommend to the Board at its meeting on Sunday, that Greg Abel be appointed CEO effective January 1, 2026. He then said "Let them have the time to think about what questions or what structures or anything ... and ... the meeting following that, which will come in a few months, we'll take action on whatever the view is of the 11 directors .... I think they'll be unanimously in favor of it ...."
Can anyone shed any light on what changed that resulted in "the time to think about what questions or what structures or anything" until the next meeting, being eliminated, and, instead, action being taken on the spot at Sunday's Meeting?
No. of Recommendations: 4
Can anyone shed any light on what changed that resulted in "the time to think about what questions or what structures or anything" until the next meeting, being eliminated, and, instead, action being taken on the spot at Sunday's Meeting?
I certainly wasn't there, so I thereby don't know.
But my guess is who is going to oppose, or wait for further info, what Buffett wants to do?
He, and family, own a controlling interest in the voting rights - supported by long term shareholder whom he has made very rich.
He's delivered over a long period of the board taking his decisions - even if he didn't review them with them beforehand in the past.
Why would we expect any different? Buffett was being polite.
