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The annual Berkshire Hathaway shareholders meeting takes place in Omaha this weekend, and tens of thousands of stockholders are already flocking to the city to bask in Warren Buffett's presence. The "Woodstock of Capitalism" is a virtual circus, complete with an exhibition fair, multiple steak dinners, and a daylong jewelry sale featuring a magician and two-time U.S. chess champion.
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Rather than invest in expanding some of his highly successful insurance businesses, Warren Buffett is instead investing substantial sums of capital in his businesses' competitors. Thus he can deploy more capital into the successful ... Read Post

One of the more gratifying moments so far this year – at least in the realm of high finance – was the decision last week by shareholders of Citigroup to reject a $15 million pay package for CEO Vikram Pandit. The shareholders vetoed... Read Post

John J. Mack stood before his board and shareholders at Morgan Stanley’s 2007 annual meeting and struck an aggressive tone. Coming off a year of record profits fueled by using the firm’s capital to take some highly lucrative risks..... Read Post