A moral dilemma interrupts Warren Buffett's love-in
The Woodstock of capitalism, as Berkshire Hathaway's annual meeting has become known, is lots of fun if you like that sort of thing—a festival of love for Warren Buffett, the firm's boss and America's most admired investor. The latest one attracted 27,000 shareholders to Omaha this past weekend, where they also got a rousing performance from Jimmy Buffett, a singer and “distant cousin”.
But the mood of universal love for cousin Warren, the “Sage of Omaha”, was rudely interrupted by two challenges owing more to the spirit of the Woodstock of the 1960s.
The lesser of these challenges came from members of native American tribes, wearing traditional dress, who called on Mr Buffett to consider removing dams operated by PacifiCorp, a utility owned by MidAmerican Energy Holdings, a Berkshire Hathaway subsidiary. One of the protesters, a shareholder in Berkshire Hathaway, claimed the dams had destroyed her local salmon fishing industry and impoverished her family.
See full Article.
Posts
