Warren Buffett’s Berkshire Hathaway annual assembly is slated to be digital once more
Warren Buffett during an interview with CNBC’s Becky Quick on February 24, 2020.
Gerry Miller | CNBC
Berkshire Hathaway announced Thursday that the annual general meeting will be held practically in May.
“Unfortunately, we do not currently believe that at this point it will be safe to hold a meeting of nearly 40,000 participants, as we last did in 2019,” the company said in a statement.
The announcement even comes as coronavirus vaccinations in the US could begin this month for frontline workers and high-risk patients. However, it is still unclear how quickly it will spread to the general public in 2021, so Berkshire isn’t taking any chances.
As of Wednesday, the U.S. recorded 100,000 Covid-19 hospital stays – the most since the pandemic began. This comes from data from the COVID Tracking Project carried out by journalists at The Atlantic.
Berkshire Hathaway said the May AGM will be similar to the 2020 AGM, which was also held virtually.
Typically, tens of thousands of people come to Omaha each May to hear CEO Warren Buffett and Vice Chairman Charlie Munger talk about the state and investments of Berkshire.
“We hope that the 2021 meeting will be the last time shareholders will not be able to attend in person. We look forward to 2022 when we expect to see shareholders in Omaha again at our usual grand gala, also known as the ‘Woodstock for Capitalists’. ” said.