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Calpers plans to vote to replace Warren Buffett as Berkshire Hathaway president


The nation’s largest pension fund plans to vote for a proposal that would oust Warren Buffett as chairman of Berkshire Hathaway Inc.

California’s $470 billion public employee retirement system, known as Calpers, said in a regulatory filing it would support a National Legal and Policy Center proposal that the chairman of the Berkshire Hathaway’s board would be independent. That would disqualify Mr. Buffett, who is the company’s chief executive.


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