Berkshire meeting starts with ice cream and singing

Sat May 5, 2012 9:26am EDT

* Nearly 40,000 shareholders descend on Omaha

* Buffett will lead an all-day Q&A session

* Tosses newspapers and stops for a "dilly bar"

By Ben Berkowitz

OMAHA, Neb., May 5 (Reuters) - Berkshire Hathaway opened its annual shareholder meeting on Saturday with Chief Executive Warren Buffett doing what any CEO would do for shareholders -- singing with cheerleaders and tossing newspapers in a contest against local kids.

As many as 40,000 shareholders have descended on Omaha for the event pegged as the "Woodstock for Capitalism," and Buffett did not disappoint with his pre-meeting walk around on the floor of the local convention center.

Besides his typical stops for a Coke and a Dairy Queen orange-flavored ice cream bar, Buffett took part in a newspaper tossing contest at the Omaha World-Herald booth (having bought the newspaper recently).

Security was tight, as changes this year to minimize the crowds swarming Buffett had little to no effect. At one point, Buffett's main bodyguard had to stop a woman who tried to rush up to him and hand him a book. (The same bodyguard later patted down a Reuters reporter).

The meeting will open later Saturday morning, as it does every year, with an original movie, followed by hours of questions and answers from shareholders, journalists -- and for the first time this year, a panel of Wall Street analysts.

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Comments (4)
KevinStowell wrote:
Today, we are all six.

May 06, 2012 12:10pm EDT  --  Report as abuse
billybob1 wrote:
Despite his grandfatherly demeanor and ongoing media hype about his “genius” as an investor, US taxpayers were forced to bail him out at the same time they were forced to bail out the big banks. Just enter the following in your search engine: “Buffett’s Betrayal + Reuters”. Buffett is the beneficiary of crony capitalism, a controlled mainstream media and his high-level political connections. He was not “too big to fail”, yet he received the same favored treatment and largesse at the expense of working people who have since fallen out of the middle class.

May 06, 2012 2:09pm EDT  --  Report as abuse
mct1 wrote:
This was a great stock if you bought it years agao BUT now these guys are just pawns of Obama. They got theirs so the hell with the rest of us ! I guess he like Obama doesn’t think we know what is going on . Look foward to voting this Nov !

May 06, 2012 4:28pm EDT  --  Report as abuse
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