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Berkshire Hathaway Inc shareholders on Saturday easily rejected proposals requiring the company run since 1965 by Warren Buffett to disclose more about its efforts to address climate change and promote diversity and inclusion in its workforce.
The rejections were not a surprise, given that Buffett controls nearly one-third of Berkshire’s voting power and opposed both proposals.
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Berkshire shareholders reject climate change, diversity proposals that Buffett opposed Back to video
But the climate change proposal won support from just over 25% of votes cast and the diversity proposal from 24%, suggesting greater discontent than Berkshire shareholders historically demonstrate.