Berkshire Hathaway 2010 Annual Report Download - page 28

Download and view the complete annual report

Please find page 28 of the 2010 Berkshire Hathaway annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 110

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110

We will again have a drawing at 8:15 a.m. on Saturday at each of 13 microphones for those
shareholders wishing to ask questions themselves. At the meeting, I will alternate the questions asked by the
journalists with those from the winning shareholders. We hope to answer at least 60 questions. From our
standpoint, the more the better. Our goal, which we pursue both through these annual letters and by our meeting
discussions, is to give you a better understanding of the business that you own.
************
For good reason, I regularly extol the accomplishments of our operating managers. Equally important,
however, are the 20 men and women who work with me at our corporate office (all on one floor, which is the
way we intend to keep it!).
This group efficiently deals with a multitude of SEC and other regulatory requirements, files a 14,097-
page Federal income tax return along with state and foreign returns, responds to countless shareholder and media
inquiries, gets out the annual report, prepares for the country’s largest annual meeting, coordinates the Board’s
activities – and the list goes on and on.
They handle all of these business tasks cheerfully and with unbelievable efficiency, making my life
easy and joyful. Their efforts go beyond activities strictly related to Berkshire: They deal with 48 universities
(selected from 200 applicants) who will send students to Omaha this school year for a day with me and also
handle all kinds of requests that I receive, arrange my travel, and even get me hamburgers for lunch. No CEO has
it better.
This home office crew has my deepest thanks and deserves yours as well. Come to our Woodstock for
Capitalism on April 30th and tell them so.
February 26, 2011 Warren E. Buffett
Chairman of the Board
26