Crowd shrinks as Berkshire Hathaway's new CEO leads the annual meeting for the first time Saturday

Summary

The folksy wisdom and jokes that were a staple of the Berkshire Hathaway annual meeting for decades when Warren Buffett was leading the show will be missing Saturday, but shareholders still started lining up at midnight outside a Nebraska arena to listen to new CEO Greg Abel. Buffett gave up the CEO title in January, but he remains chairman and did make a few comments during the meeting. Saturday’s meeting began with a video tribute to Buffett and the company's history beginning with a clip showing the standing ovation Buffett received last year after he surprised shareholders by announcing that he would step down.