Feb 22 (Reuters) - Warren Buffett's Berkshire Hathaway ( BRK/A )
on Saturday joined a growing list of American companies
to publicly change their approach to discussing their commitment
to diversity and inclusion.
Berkshire's annual report includes a section describing how
the conglomerate's 189 operating businesses, which employ about
392,400 people, depend on human capital and resources, and that
each establishes practices to attract and retain employees.
Last year's report said the businesses accomplished this in
part through hiring practices "intended to identify qualified
candidates and promote diversity and inclusion in the
workforce."
This year's report omitted the discussion of diversity and
inclusion, ending that passage after "candidates."
Buffett's assistant did not immediately respond to a request
for comment.
Berkshire has long said its decentralized structure allows
individual operating businesses to make their own day-to-day
operating decisions without interference from the top.
The company joined dozens of major U.S. companies including
Amazon.com ( AMZN ), Boeing ( BA ), Citigroup ( C/PN ), Ford,
McDonald's, Morgan Stanley ( MS ) and Walmart ( WMT ) in
curbing public support or initiatives for diversity, equity and
inclusion in the workplace.
Such initiatives have been attacked by many conservatives
including U.S. President Donald Trump, who has tried to
eliminate DEI from the federal government.
At Berkshire's annual meeting last May, shareholders voted
down by a nearly 4-1 margin a proposal that Berkshire disclose
more about its efforts to promote DEI in the workplace.
Berkshire's board of directors opposed the proposal.
Buffett has run Berkshire since 1965. The Omaha,
Nebraska-based company owns Geico car insurance, the BNSF
railroad, and an array of energy, industrial, retail and service
businesses.