Buffett-palooza: Berkshire Shareowners Descend on Omaha to Celebrate Capitalism
For the more than 40,000 people who descended on Omaha, Neb. for this year’s Berkshire Hathaway Annual Shareowners Meeting, there was more to the show than catching some sage advice from icon investor Warren Buffett.
“A lot of people are here for the shopping,” says Humberto
Garcia-Sjogrim, the Coke associate responsible for the company’s activation
during the meeting. “We’ve been interacting
with Berkshire Hathaway and
Over three days, thousands of Buffett-enthusiasts file through a nearly 200,000-sq.-ft. exhibition hall in Omaha’s Century Link Center to support the major companies in which Berkshire Hathaway invests.
Hot items at this year’s meeting included Brooks running shoes emblazoned with Warren Buffett’s image, bright yellow Fruit of the Loom boxer shorts known as “Berky Boxers,” commemorative boxes of See’s Candies, special-edition Justin cowboy boots, Heinz “Perfect Pair” ketchup and mustard bottles adorned with images of Buffett and his Vice Chairman Charlie Munger and, yes, limited-edition Berkshire Hathaway jewelry from Borsheim’s.
As for
From the Company’s 60-by-20 booth, Garcia-Sjogrim sold commemorative Berkshire
Hathaway Annual Meeting
“We’d give more of it away – especially product samples – but a rule of Berkshire meeting retailing is that nothing can be free,” he said. “Mr. Buffett wants to make sure the fundamental laws of capitalism are observed.”
Donita Hagen, a business manager in
Taking a break from working the cash register, she said, “I love meeting the people. Everyone is so warm and friendly.”
She said she saw a lot of Coke collectors across the counter during the weekend but that customizable “Share a Coke” mini-cans seemed to be the hottest seller.
Gerald and Carol Smith of Holstein, Iowa, stopping by the Coke booth early Saturday just before the annual meeting began, said they keep coming back because of the wonderful, interesting people they continue to meet from all around the world, albeit a much larger meeting today than in the early days.
“In 1989, Warren Buffett would personally hand me a Coke when we'd walk into the Orpheum Theatre (where the meeting was then held)," Gerald Smith said. "Only about 1,500 people attended in those days.”
Now thousands line up early for the chance to gain advice from Buffett and Munger, and, of course, to do a little shopping.
Warren Buffett also served on The
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