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He also has been on the board since 1993. So it's not like his son is walking in today as the new guy. He was elected by the board too, rather than directly pl
by WarmWash 15d ago
He also has been on the board since 1993. So it's not like his son is walking in today as the new guy.
He was elected by the board too, rather than directly placed by Warren.
- koolba 15d ago> He was elected by the board too, rather than directly placed by Warren. I don’t think the last name hurt his chances in 1993 either.
- jjallen 15d agoYou would want someone who is intimately familiar with the culture to be involved for a long time in case something happened to Warren.
- thundercleeze 15d agoI imagine there were some other candidates in 1993 that didn't share Buffet's genetics.
- rtkwe 15d agoIt's also entirely possible he's essentially competent at the job of being a board member which is a pretty do-little job if the CEO is doing a good job.
- Moto7451 15d agoThey can just add those people to the board. It’s not a set number and they don’t regularly add or remove people unless they think they can bring something to the table. Sometimes that is simply “holds a bajillion shares” but if they wanted a High Frequency Trading CEO on the board for insight into that, they could add both his kid and that CEO.
- theplumber 15d agoBill Gates could have been named but boys will be boys…
- jjallen 15d agoI meant in case something happened to Warrent back then, not recently, in case that wasn't clear
- s1artibartfast 14d agoThe family also owns 30% of the company that gives you board representation by itself