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Buffett’s Ties to Bill Gates Put Berkshire Investors at Risk, Activists Say

  • Activist group says Buffett’s views can alienate investors
  • Shareholders will vote on proposal during meeting Saturday
Updated on

Not even Warren Buffett can avoid the corporate culture wars these days.

On the eve of the annual shareholder meeting of Berkshire Hathaway Inc., a prominent conservative advocacy group is calling for Buffett to be removed as chairman because of his long ties to fellow billionaire Bill Gates, whose private foundation supports gender equality, among other issues. The proposal stands little chance of passing at Saturday’s meeting, typically an annual celebration of all things Buffett.