I've got lots to say (what else is new) on Berkshire's board of directors, share repurchases, executive compensation, puzzling shareholder proposals, and more...
Any time I post a list of the directors' holdings on Twitter and other social media, I always get a bunch of unhappy comments and DMs about Susan Decker's holdings. (Especially last year when they were valued under $1 million.) I'm sure it's just a vocal minority, but I often hear from them around proxy time.
I don't know the specific price (we'll probably have to wait for the next earnings report to get more detailed buyback info), but based on the highs and lows during the 2/12 to 3/6 period it should be between $1.67 billion and $1.77 billion for this latest round of purchases.
Add that to the 995 Class A equivalents repurchased in the first six weeks of the year and that gives the $2.3 billion approximation for Q1 from the Barron's article I linked. (But, to some extent, it's all guesswork without having the specific prices.)
The Rational Walk, reckons that 253,300 Class A shares traded in 18 days this year which is half of all outstanding class A's. What am I missing?
Honestly, I never even look at trading volume so I'm not sure what is "normal" for Berkshire over an eighteen day period.
Has there actually been shareholder grumbling about Ken Chenault and Susan Decker's stock holdings not being adequate?
Any time I post a list of the directors' holdings on Twitter and other social media, I always get a bunch of unhappy comments and DMs about Susan Decker's holdings. (Especially last year when they were valued under $1 million.) I'm sure it's just a vocal minority, but I often hear from them around proxy time.
Great summary Kevin, enjoyed the post a lot :)
Thanks! Much appreciated! 🙏
Kevin-
Any idea what Berkshire paid for their latest share repurchases? Thanks.
Have a good week!
I don't know the specific price (we'll probably have to wait for the next earnings report to get more detailed buyback info), but based on the highs and lows during the 2/12 to 3/6 period it should be between $1.67 billion and $1.77 billion for this latest round of purchases.
Add that to the 995 Class A equivalents repurchased in the first six weeks of the year and that gives the $2.3 billion approximation for Q1 from the Barron's article I linked. (But, to some extent, it's all guesswork without having the specific prices.)
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