(January 20, 2010) On the morning of a special meeting of shareholders called to approve a 50-for-1 split of Berkshire Class B shares, Warren Buffett explains how the BNSF acquisition prompted him to make an exception to his long-standing aversion to stock splits. He also strongly criticizes Kraft’s planned purchase of Cadbury.
(May 6, 1996) Warren Buffett addresses the concern that the new Class B shares may hurt Class A shareholders.
(May 6, 1996) Warren Buffett explains the ways in which #Berkshire’s Class A shares have an advantage over the new Class B.
(May 6, 1996) Leading up to the board of directors’ vote on adding Class B shares, Warren Buffett explains the thinking behind the Class B.
(May 6, 1996) At the 1996 #Berkshire Hathaway Annual Meeting, a shareholder asked Warren #Buffett to explain how he deals with excessive cash flow. Warren #Buffett explained that he invests in about four or five commercial papers that are safe. If the cash became billions of dollars, he would invest in Treasury.
(May 6, 1996) Berkshire Hathaway Chairman Warren Buffett explains how Berkshire came to a decision on the cost of the Class B shares.