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7.6 KiB
7.6 KiB
| 1 | berkshire-1994-00:00_10:00-001 | Put this over here. |
|---|---|---|
| 2 | berkshire-1994-00:00_10:00-003 | Am I live yet? Yeah. |
| 3 | berkshire-1994-00:00_10:00-004 | Morning |
| 4 | berkshire-1994-00:00_10:00-005 | We were a little worried today because we weren’t sure |
| 5 | berkshire-1994-00:00_10:00-006 | from the reservations whether we can handle everybody but it looks to me like |
| 6 | berkshire-1994-00:00_10:00-007 | there |
| 7 | berkshire-1994-00:00_10:00-009 | we're going to have to uh |
| 8 | berkshire-1994-00:00_10:00-010 | find a different spot because it looks to me like we’re up about 600 this year from last year |
| 9 | berkshire-1994-00:00_10:00-011 | be on the safe side we will seek out a larger spot. Now, there |
| 10 | berkshire-1994-00:00_10:00-012 | certain implications to that because |
| 11 | berkshire-1994-00:00_10:00-013 | some of the more experienced of you know, a few years ago we were |
| 12 | berkshire-1994-00:00_10:00-014 | we were holding this meeting at the Joslyn |
| 13 | berkshire-1994-00:00_10:00-015 | Museum which is a |
| 14 | berkshire-1994-00:00_10:00-016 | culture |
| 15 | berkshire-1994-00:00_10:00-017 | we've now, of course, moved to |
| 16 | berkshire-1994-00:00_10:00-019 | an old vaudeville theater. And |
| 17 | berkshire-1994-00:00_10:00-020 | the only place in town that can hold us |
| 18 | berkshire-1994-00:00_10:00-021 | year, I think, is the Ak-Sar-Ben Coliseum where they have keno |
| 19 | berkshire-1994-00:00_10:00-022 | we are sliding down the cultural |
| 20 | berkshire-1994-00:00_10:00-022a | chain just as |
| 21 | berkshire-1994-00:00_10:00-023 | I have some rather distressing news to report |
| 22 | berkshire-1994-00:00_10:00-024 | There are always a few people who vote against |
| 23 | berkshire-1994-00:00_10:00-025 | everyone |
| 24 | berkshire-1994-00:00_10:00-026 | on the slate for directors, and there are maybe a dozen or so people do that. Then there are others who single shot it, and they pick out people |
| 25 | berkshire-1994-00:00_10:00-027 | to vote against |
| 26 | berkshire-1994-00:00_10:00-028 | and |
| 27 | berkshire-1994-00:00_10:00-029 | come as news to Charlie. I haven't told him yet but |
| 28 | berkshire-1994-00:00_10:00-030 | he is the only one among our candidates for directors who received no |
| 29 | berkshire-1994-00:00_10:00-031a | negative votes |
| 30 | berkshire-1994-00:00_10:00-031b | this year |
| 31 | berkshire-1994-00:00_10:00-031c | when you lose out the title of Miss Congeniality to Charlie, you know you're in trouble |
| 32 | berkshire-1994-00:00_10:00-032 | I'd like to uh |
| 33 | berkshire-1994-00:00_10:00-033.wav | I'd like to tell you a little bit how we'll run this. We will we will |
| 34 | berkshire-1994-00:00_10:00-034 | We will have the business meeting |
| 35 | berkshire-1994-00:00_10:00-035 | in a hurry with |
| 36 | berkshire-1994-00:00_10:00-36a | of all of you, and then we will uh |
| 37 | berkshire-1994-00:00_10:00-037 | introduce our managers uh |
| 38 | berkshire-1994-00:00_10:00-038 | who are here |
| 39 | berkshire-1994-00:00_10:00-039 | and then we will have a uh |
| 40 | berkshire-1994-00:00_10:00-040 | Q and A uh |
| 41 | berkshire-1994-00:00_10:00-041 | period |
| 42 | berkshire-1994-00:00_10:00-042 | we will run that until |
| 43 | berkshire-1994-00:00_10:00-043 | twelve o' clock |
| 44 | berkshire-1994-00:00_10:00-044 | break |
| 45 | berkshire-1994-00:00_10:00-045 | and then at 12:15 if the hardcore want to stick around we will have another hour, so until about 1:15 |
| 46 | berkshire-1994-00:00_10:00-046 | you're free to leave at any time, of course. I've pointed out in the past that |
| 47 | berkshire-1994-00:00_10:00-047a | better form if you leave while Charlie is talking rather than when I'm talking but |
| 48 | berkshire-1994-00:00_10:00-047b | Feel free anytime |
| 49 | berkshire-1994-00:00_10:00-047c | If you're panicked and you're |
| 50 | berkshire-1994-00:00_10:00-047d | and you're worried about |
| 51 | berkshire-1994-00:00_10:00-049 | by leaving |
| 52 | berkshire-1994-00:00_10:00-050a | you will be able to leave at |
| 53 | berkshire-1994-00:00_10:00-051a | we will have |
| 54 | berkshire-1994-00:00_10:00-052 | buses out front |
| 55 | berkshire-1994-00:00_10:00-053 | you to uh |
| 56 | berkshire-1994-00:00_10:00-054 | the hotels or the uh |
| 57 | berkshire-1994-00:00_10:00-058 | place in town in which we have a commercial interest |
| 58 | berkshire-1994-00:00_10:00-059a | we encourage you staying around on that basis |
| 59 | berkshire-1994-00:00_10:00-061 | Let's have the let's get the business of the meeting out of the way. Then we can get on to more interesting things |
| 60 | berkshire-1994-00:00_10:00-062 | I will first uh |
| 61 | berkshire-1994-00:00_10:00-063 | introduce the Berkshire Hathaway directors that are |
| 62 | berkshire-1994-00:00_10:00-065 | present in addition to myself |
| 63 | berkshire-1994-00:00_10:00-066a | there's Charlie, who is vice chairman of Berkshire |
| 64 | berkshire-1994-00:00_10:00-067 | and if the rest of you will stand |
| 65 | berkshire-1994-00:00_10:00-069 | Susan T. Buffett |
| 66 | berkshire-1994-00:00_10:00-070 | Howard Buffett |
| 67 | berkshire-1994-00:00_10:00-071 | Malcolm Chace the Third |
| 68 | berkshire-1994-00:00_10:00-072 | and Walter Scott Junior |
| 69 | berkshire-1994-00:00_10:00-073a | Also with us today are partners in the firm of Deloitte and Touche, our auditors, Mr. Ron Burgess and Mr. Craig Christiansen |
| 70 | berkshire-1994-00:00_10:00-074 | They are available to respond to appropriate questions you might concerning their firm's audit of the accounts of Berkshire |
| 71 | berkshire-1994-00:00_10:00-075 | Forrest Krutter, secretary of Berkshire. He will make a written record of the proceedings |
| 72 | berkshire-1994-00:00_10:00-076 | Robert M. Fitzsimmons has been appointed inspector of election |
| 73 | berkshire-1994-00:00_10:00-077 | meeting. He will certify to the count of votes |
| 74 | berkshire-1994-00:00_10:00-078 | cast in the election for directors. |
| 75 | berkshire-1994-00:00_10:00-079 | The named proxy holders for this meeting are Walter Scott Jr. and Marc D. Hamburg |
| 76 | berkshire-1994-00:00_10:00-080 | cards have been returned through last Friday |
| 77 | berkshire-1994-00:00_10:00-081 | presenting 1,035,680 Berkshire shares to be voted by the proxy holders as indicated on the cards. |
| 78 | berkshire-1994-00:00_10:00-082 | number of shares represents a quorum and we will therefore |
| 79 | berkshire-1994-00:00_10:00-083 | directly proceed with the meeting |
| 80 | berkshire-1994-00:00_10:00-084 | conduct the business of the meeting and then adjourn to the formal meeting |
| 81 | berkshire-1994-00:00_10:00-086 | of the minutes of the last meeting of shareholders |
| 82 | berkshire-1994-00:00_10:00-087 | I recognize Mr. Walter Scott Jr. who will place a motion before the meeting |
| 83 | berkshire-1994-00:00_10:00-089 | Do I hear a second? |
| 84 | berkshire-1994-00:00_10:00-090a | Motion has been moved and seconded. Are there any comments or questions? Hearing none, we will vote on the motion by voice |
| 85 | berkshire-1994-00:00_10:00-090b | All those in favor say aye. |
| 86 | berkshire-1994-00:00_10:00-106 | shareholder is present who wishes to withdraw a proxy previously sent in and vote in person, he or she may do so |
| 87 | berkshire-1994-00:00_10:00-107 | Also if any shareholder that's present has not turned in a proxy and desires a ballot in order to vote in person, you may do so |
| 88 | berkshire-1994-00:00_10:00-108 | you wish to do this, please identify yourself ot meeting officials in the aisles who will furnish a ballot to you |
| 89 | berkshire-1994-00:00_10:00-109 | persons desiring ballots please identify themselves so that we may distribute them |
| 90 | berkshire-1994-00:00_10:00-110 | I now recognize Mr. Walter Scott Jr. to place a motion before the meeting with respect election of directors. |
| 91 | berkshire-1994-00:00_10:00-117 | Are there any other nominations? |
| 92 | berkshire-1994-00:00_10:00-118 | there any discussion? |
| 93 | berkshire-1994-00:00_10:00-119 | Motion and nominations are ready to be acted upon. |
| 94 | berkshire-1994-00:00_10:00-120 | there are any shareholders voting in person they |
| 95 | berkshire-1994-00:00_10:00-121 | they should now mark their ballots and allow the ballots to be delivered to the inspector of elections |
| 96 | berkshire-1994-00:00_10:00-144 | Now, I'd like to introduce |
| 97 | berkshire-1994-00:00_10:00-145 | some of the people who make this place work |
| 98 | berkshire-1994-00:00_10:00-148 | and if you would |
| 99 | berkshire-1994-00:00_10:00-149a | hold your applause until the end because there are quite a number of our managers |
| 100 | berkshire-1994-00:00_10:00-150 | I'm not sure which ones for sure are here, some of them may be out |