The largest state public pension fund in the U.S. has sided with a minority shareholder, which has sponsored a proposal to remove Warren Buffett from the post of chairman of the board of Berkshire Hathaway, Inc. (NYSE: BRK-A) (NYSE: BRK-B).
What Happened: The California Public Employees' Retirement System, aka CalPERS, would vote in favor of a proposal brought by the National Legal and Policy Center that calls for amending the bylaws to make an independent member the chair of the board.
