History of Berkshire Hathaway in Timeline

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Berkshire Hathaway

Berkshire Hathaway is an American multinational conglomerate holding company led by Warren Buffett (chairman and CEO) and Charlie Munger. Originally a textile manufacturer, it transformed into a diversified conglomerate in 1965. Greg Abel has been designated as Buffett's successor. Buffett retains a significant ownership stake, holding 38.4% of Class A voting shares. The company's headquarters are located in Omaha, Nebraska.

1 day ago : Berkshire Hathaway's Earnings Surge, Cash Reserves Reach Record High, Buybacks Remain Absent

Berkshire Hathaway reported a 34% jump in operating earnings. Warren Buffett refrained from stock buybacks, increasing the company's cash reserves to a record $381 billion. The company's profit also rose considerably to new record.

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