Now its fastest growing subsidiary journal technology is accounts for a large part of the company’s earnings. In the past year, you’ve just in the past, you’ve described daily journals unique position of being a newspaper, which generated enough excess cash in the past to invest in an equity portfolio. This is from Paul in Lynwood, Michigan, Paul Pham. The second question comes in and it’s in regards to capital allocation. So I expect more clarity on our long term approach sometime later this year. I like the business and potential for it. And what I can see now is that the parallels between the software company I built and general technologies are are remarkable, and I believe I can add value. And, you know, I found it helped grow a geography software company, with no background in publishing or the legal and court sector. And I thought it was important that I have the optionality to hire someone better suited or promote from within if we just ended that be a better path. And I had incomplete information at the time. Steven Michael Jones You know, I will say that when we were discussions a year ago, I told Charlie that I was committed to ensure the success of the business, but that I wasn’t sure I would be the right long term CEO. He says, Can you give an update on the company’s new CEO Stephen Michael Jones, he was appointed as interim serious CEO nearly one year ago, how’s he performing? And when will the decision be made on selecting a permanent CEO? Charlie Munger Well, yeah, answers is Steve chose his own titles coming in, and will change whenever he wants to change. And his question is related to journal technologies. The first question that we have comes from Ryan Fusaro.
But first of all, Charlie, thank you for taking the time today. We’ll go through as many of these questions as we can during the session. We got a great number of questions that came in and I’ve tried to sort through as many as I could. Daily Journal Corporation Annual Shareholders Meeting 2023 - Transcript Link > Becky Stephen, thank you very much, and welcome, everyone.
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