Without the donations, Mr. Buffett would be the wealthiest man today. What he has done to teach capitalism and philanthropy to the masses is unmeasurably valuable. In terms of voting control, I wonder how much Mr. Buffett knows of the large A-share holders, whether they are owned by long-term family / individual shareholders or institutional shareholders. Though unlikely, an opportunistic institution could amass a significant number of A-shares and seek board representation that may weaken the long-term prospects of the company.
The WSJ published a long article today regarding Warren Buffett's gifts to the foundations and speculates about the manner in which his remaining shares will be distributed after his death. Notably, Mr. Buffett stated that there are significant inaccuracies in the reporting, but didn't specify what the inaccuracies are. The WSJ did not address the most important question: Who will control the remaining BRKA shares (and voting control) after the estate is wound down 10 or so years after Mr. Buffett's death.
Without the donations, Mr. Buffett would be the wealthiest man today. What he has done to teach capitalism and philanthropy to the masses is unmeasurably valuable. In terms of voting control, I wonder how much Mr. Buffett knows of the large A-share holders, whether they are owned by long-term family / individual shareholders or institutional shareholders. Though unlikely, an opportunistic institution could amass a significant number of A-shares and seek board representation that may weaken the long-term prospects of the company.
The WSJ published a long article today regarding Warren Buffett's gifts to the foundations and speculates about the manner in which his remaining shares will be distributed after his death. Notably, Mr. Buffett stated that there are significant inaccuracies in the reporting, but didn't specify what the inaccuracies are. The WSJ did not address the most important question: Who will control the remaining BRKA shares (and voting control) after the estate is wound down 10 or so years after Mr. Buffett's death.
https://www.wsj.com/articles/warren-buffetts-estate-planning-bill-and-melinda-gates-foundation-sends-charities-scrambling-11655811074?mod=hp_lead_pos10