Executive Producer
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Berkshire Hathaway shareholders have approved the company’s proposed 50-for-one stock split of its Class B shares.
About 150 people gathered in Omaha for the special shareholders meeting, with most holders voting by proxy.
The outcome was never in doubt.
CNBC producer Lacy O’Toole is in the auditorium. She reports Buffett took some questions while sitting at a table on stage.
Charlie Munger is not present, but there is a paper cutout with his photo. Buffett also has a recording of Charlie saying, “I have nothing to add” that’s been played a few times after Buffett answers a question.
Buffett concedes that Berkshire’s acquisition of Burlington Northern Santa Fe is “not cheap.” And while the stock split is designed to faciliatate that deal, Buffett says even if it doesn’t go through (which is very unlikely) Berkshire would still split its stock now for “the next time.”
Current Berkshire stock prices:
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Class A: [BRK.A 101150.00 
1120.00 (+1.12%) 
]
Class B: [BRK.B 3374.70 42.70 (+1.28%) ]
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