- A leading shareholder advisory firm recommended on Thursday that Berkshire Hathaway shareholders withhold votes to reelect five directors at Warren Buffett's conglomerate, citing concerns about climate change and governance.
It said this reflected their "poor stewardship" over executive pay, with top executives' compensation not linked to Berkshire's profitability or stock price, and a share structure that gives Buffett outsized voting power. It has long defended its disclosures, and said requiring more was often inconsistent with its decentralized culture of letting businesses operate without interference from the top.
ISS separately endorsed shareholder proposals for more disclosures about Berkshire's plans to reduce greenhouse gases and improve diversity, equity and inclusion. Berkshire opposes these proposals. Baby boomers may have had the best financial start of all the generations -- coming of age when salaries kept up with the cost of living and goods and services were affordable -- but that doesn't mean...In this article, we will take a detailed look at Jim Cramer’s New Picks: 10 Stocks to Buy. For a quick overview of such stocks, read our article Jim Cramer’s New Picks: 5 Stocks to Buy.