Berkshire Hathaway Shares: A and B, What's the Difference?
Different Strokes for Different Folks
Warren Buffett's Berkshire Hathaway offers two classes of shares: A and B. While both represent ownership in the conglomerate, there are some key differences between them.
Price Point
The most noticeable difference is in the price. As of July 17, 2023, Class A shares closed at a staggering $523,500 per share. In contrast, Class B shares are much more affordable, trading at around $360 at the time of writing.
Voting Rights
Another key difference lies in voting rights. Class A shareholders hold 1 vote per share, while Class B shareholders have 1/10th of a vote per share. This means that Class A shareholders have a greater say in company matters.
Convertibility
Class A shares can be converted into Class B shares at a ratio of 1:1,500. However, Class B shares cannot be converted into Class A shares. This provides Class A shareholders with an option for liquidity if desired.
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