berkshire hathaway board of directors 2021berkshire hathaway board of directors 2021

Company profile for Berkshire Hathaway Inc. Cl A including key executives, insider trading, ownership, revenue and average growth rates. [citation needed], In 1996, Berkshire acquired FlightSafety International Inc. (or FSI), founded in 1951 by Albert Lee Ueltschi. [9], Berkshire Hathaway traces its roots to a textile manufacturing company established by Oliver Chace in 1839 as the Valley Falls Company in Valley Falls, Rhode Island. Fechheimer Brothers is made up of two brands, Flying Cross and Vertx. INTRODUCTION AND RESPONSIBILITIES. The home furnishings businesses are Homemakers Furniture,[69] Nebraska Furniture Mart, Jordan's Furniture, Inc., RC Willey Home Furnishings, and Star Furniture Company. At the peak of the financial crisis in September 2008, Berkshire invested $5 billion in preferred stock in Goldman Sachs to provide it with a source of funding when capital markets had become constrained. Rob Morgan - Member Board Of Directors - NourishNC | LinkedIn Greg Abel is. For its 2021 fiscal year, BERKSHIRE HATHAWAY, listed the following CEO pay ratio data on its annual proxy statement to the SEC. [40], For the fiscal year 2019, Berkshire Hathaway reported earnings of US$81.4 billion, with an annual revenue of US$254.6 billion, an increase of 2.7% over the previous fiscal cycle. On the buy side, Gates purchased an additional 10.75 million of Berkshire Hathaway class B shares at an estimated $1.47 billion (around $137.00 per share). Copyright 2023 Surperformance. Aggressive stock purchases continued and by March 31, 2017, Berkshire had amassed a stake of 129 million shares (2.5% of Apple). Helzberg is a chain of jewelry stores based in Kansas City that began in 1915 and became part of Berkshire in 1995.[71]. [] identify any material gaps or misstatements in issuers disclosure of climate risks, reports the Energy & Policy [], [] supporting the resolution, including California Public Employees Retirement System, explicitly noted: We consider the Companys current level of disclosure to be insufficient for investors to []. [134] In 2017, Berkshire was the largest shareholder in United Airlines and Delta Air Lines and a top 3 shareholder in Southwest Airlines and American Airlines. Sign In. Flying Cross manufacturers public safety uniforms and Vertx is a civilian tactical clothing company. [65] At year-end 2004, Clayton operated 32 manufacturing plants in 12 states. Notes: Became a billionaire after an early investment in Berkshire. This statement is furnished in connection with the solicitation by the Board of Directors ("Board") of Berkshire Hathaway Inc. 2021 Berkshire Hathaway Annual Meeting. [citation needed] On April 23, 2010, Mitek acquired the assets of Dur-O-Wal from Dayton Superior. "[128], In May 2016, it was revealed in a regulatory filing that Berkshire had acquired a stake in Apple Inc. Watchdog exposing the attacks on renewable energy and countering misinformation by fossil fuel interests. Served on the Board of Directors for local non-profit organization with a focus on labor-saving innovations for . [29], On March 13, 2020, Bill Gates announced that he was leaving the board of directors of both Microsoft and Berkshire Hathaway in order to focus more on his philanthropic efforts. Bank of America says a new bubble may be forming in the stock market and shares a cheap strategy for protection that is 'significantly' more profitable than during the past 10 years, GOLDMAN SACHS: Buy these 25 stocks that are wildly popular with hedge funds and have crushed the market this year, Registration on or use of this site constitutes acceptance of our. Costco Wholesale Corporation - Governance - Board of Directors He is considered one of the most successful investors in the world and has a net worth of over $100.6 billion as of April 2021, making him the world's seventh-wealthiest person. Warren Buffett's Berkshire Hathaway paid $8.2 billion to acquire Pilot Travel Centers in January. Heinz Co. for $72.50 per share or $28 billion including debt. By the end of 2013 Berkshire Hathaway entered the residential real estate brokerage sector under the name of HomeServices of America. It is the fifth-largest with ownership of 81 dealerships and revenues of $8 billion. [49] Berkshire Hathaway sold Applied Underwriters in 2019. Headquartered in Fort Worth, Texas, TTI is the largest distributor specialist of passive, interconnect, and electromechanical components. As of December31, 2022,[update] Berkshire owns 5.8% of Apple with 915.6million shares, according to the company's February 14, 2023, 13G filing. [37][38] While Buffett has not further elaborated on his succession plans, he praised his two top executives in an annual shareholder letter, fuelling speculation that Jain and Abel are the logical successors. There are currently 12 people on the board of directors of Berkshire Hathaway. Buffett himself has described this as a "call on the industry" rather than a choice in an individual company. [64], On August 7, 2003, Berkshire acquired Clayton Homes, Inc. Clayton, headquartered near Knoxville, Tennessee, is a vertically integrated manufactured housing company. Updated October 20, 2022. While most of those goals are too slow to meet President Bidens goal of decarbonizing the electricity sector by 2035, the goals reflect the utilities response to investors and customers expectations. [66] FSI's corporate headquarters is located at LaGuardia Airport in Flushing, New York. This . CTB, headquartered in Milford, Indiana, is a designer, manufacturer, and marketer of systems used in the grain industry and in the production of poultry, hogs, and eggs. 2 min read Berkshire Hathaway's ( BRK-A, BRK-B) annual shareholders meeting will take place in Los Angeles, California, with Warren Buffett and his long-time. Berkshire Hathaway CEO and Leadership - Zippia VIDEO 00:00. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Loan losses remain 3.6% up from 2.9%. About Us NCCI Facts and Information. Policy Name: Corporate Governance Policies of the Board of Direc tors Policy Owner: NVIDIA Board of Directors Effective: March 2, 2021 Page 1 of 5 . [96] In the 2016 letter to shareholders, Warren revealed that each of them independently manages greater than $10 billion on behalf of Berkshire. Berkshire Hathaway Annual Meeting 2021: Highlights and storylines - Yahoo! May 3, 2021 By Nick Clarkson, Web Editor May 3, 2021, 11:51 am . The warrants have been exercised and Berkshire holds 3% of the share capital of Goldman Sachs. Investor alerts. The company began its BH Media Group subsidiary with a purchase of the Omaha World-Herald in December 2011,[76] which included six other daily newspapers and several weeklies across Nebraska and southwest Iowa. But amid today's market forces and as Buffett takes small steps back from the helm . COULD SAVE YOU SUBSTANTIAL MONEYWWW.GEICO.COM OR CALL [79] In 2013, the company purchased the Tulsa World, the Greensboro, North Carolina-based News & Record, Virginia's Roanoke Times, and Press of Atlantic City. View detailed GOOG description & address. Directors and Officers of the Company - Berkshire Hathaway PITTSBURGH, February 28, 2023--United States Steel Corporation (NYSE: X) ("U. S. Steel") announced today that Alicia J. Davis has been elected to the Company's Board of Directors, effective March 1, 2023. Read more: Bank of America says a new bubble may be forming in the stock market and shares a cheap strategy for protection that is 'significantly' more profitable than during the past 10 years, Notable past and present roles:Berkshire director (2003 - present); Microsoft general manager and other positions (1987 - 1999); CameoWorks strategic advisor (2017 - present); Brooks Running advisory board member (2012 - present), Notable past and present roles:Berkshire director (2004 - present); Capital Cities/ABC chairman and CEO (1996-1990), Notes:Buffett told Lawrence Cunningham, author of "Berkshire Beyond Buffett," that "most of what I learned about management, I learnt from Murph. [18][19][20], As of July13, 2016[update], Buffett owned 31.7% aggregate voting power of Berkshire's shares outstanding and 18.0% of the economic value of those shares. Berkshire Hathaway Inc. Announces Board Appointments View detailed BRK.A description & address. Berkshire Hathaways board of directors is opposing a proposal from major shareholder groups that the company publish an annual report disclosing the climate risks it faces, even as the companys energy subsidiaries remain heavily invested in fossil fuels and have been impacted by extreme weather events. All companies should recognize and appraise physical and transitional climate risks. Reporters and analysts embrace its existence as well. Berkshire acquired Russell Corporation on August 2, 2006, for $600million. Berkshire's footwear businesses include H.H. The Board of Directors has fixed the close of business on March 2, 2022 as the record date for Updated February 25, 2023. [114][115], On February 14, 2013, Berkshire Hathaway Inc and 3G Capital announced plans to purchase H.J. The MEMIC Group. Board of Directors - NCCI Holdings Inc. Berkshire Hathaway CEO Warren Buffett. Its main business and source of capital is insurance, from which it invests the float (the retained premiums) in a broad portfolio of subsidiaries, equity positions and other securities. Last year the company purchased a major gas pipeline network, which CNBC reported means that Berkshire Hathaway Energy will carry 18% of all interstate natural gas transmission in the United States. The purchase added to Berkshire Hathaway Energy existing gas pipeline networks including Northern Natural Gas, the largest in the U.S. (measured by pipeline miles), and Kern River, which delivered about a quarter of Californias gas demand in 2019. Susan Buffett and Christopher Davis Elected to Board of Directors August 7, 2021 Second Quarter Earnings 2021 August 5, 2021 Information Regarding Second Quarter Earnings Release June 23, 2021 Comments by Warren E. Buffett in conjunction with his annual contribution of Berkshire Hathaway shares to five foundations May 1, 2021 ANALYSIS-Headwinds facing Buffett's Berkshire Hathaway have - Nasdaq Collectively, the aggregate statutory surplus of Berkshire's U.S.-based insurers was approximately $48billion as of December31, 2004[update]. Berkshire Hathaways insurance subsidiary is among the insurance companies that continue to underwrite coal, oil and gas without any restrictions, according to a report from Insure Our Future. [citation needed], In June 2014, the firm's cash and cash equivalents rose past $50 billion, the first time it finished a quarter above that level since Buffett became chairman and chief executive officer. Former banking executive specialised in market intelligence, loan portfolio, and non-performing loans.Skilled in data analytics, market intelligence, budgeting, forecasting, monitoring, cost containment, and . . David Herro was the world's best international stock picker for a decade straight. . Using, therefore, the 2021 figures, only 128 . Pacificorp, Berkshire Hathaway Energys subsidiary which sells power in Utah, Oregon, Wyoming, Washington, Idaho, and California, generated 48% of its energy from coal in 2020. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. In July, Berkshire acquired a 90% equity interest in MiTek Inc., which makes engineered connector products, engineering software and services, and manufacturing machinery for the truss fabrication segment of the building components industry and is headquartered in Chesterfield, Missouri. 2021 News Menu - Berkshire Hathaway Board of Directors - United Airlines Holdings, Inc. Businesses engaged in the manufacture and distribution of clothing include Union Underwear Corp. Fruit of the Loom, Garan, Russell Corporation and Fechheimer Brothers. March 15, 2021 2:51 pm ET Order Reprints Print Article Berkshire Hathaway proxy report shows that the company under Warren Buffett's longtime leadership remains old school in the way it. Mr. Davis is Chairman of Davis Select Advisors. 3 Warren Buffett Stocks Are Begging to Be Bought in March In the 2017 annual report, Berkshire Hathaway disclosed its total position by December 31, 2017, to be 166 million shares (3.3% of Apple). The earnings of the insurance business plummeted from $1,566 billion in 2018 to $657 billion in 2020 (p. K-33 of the 2021 10-K ). Berkshire Hathaway Home Services . According to its website, the company has 1,800 instructors and offers more than 4,000 individual courses for 135 aircraft types, using more than 320 flight simulators to serve customers from 167 countries.[67]. FOR A FREE CAR INSURANCE RATE QUOTE THAT In that year, ConocoPhillips spun off a subsidiary, Phillips 66, of which Berkshire owned 27 million shares. 17-min read Warren Buffett addressed investors around the world on Saturday at. Shareholders, Links to Berkshire Subsidiary Who Is Greg Abel? What Is His Salary? - Investopedia A day after Charlie Munger, vice chairman of the Warren Buffet-led Berkshire Hathaway (NYSE . . If you have any comments about our WEB page, you can Berkshire made an after-tax loss of $444 million on the Tesco investment. Notable past and present roles: Berkshire director (1965 - present); Berkshire chairman and CEO (1970 - present); Coca-Cola director (1989 - 2006), Notable past and present roles: Berkshire director and vice chairman (1978 - present); Wesco Financial chairman and CEO (1984 - 2011); Costco director (1997 - present). These are the highlights of the 2021 Berkshire Hathaway annual meeting. [citation needed], On November 3, 2009, Berkshire Hathaway announced that using stock and cash totaling $26billion, it would acquire the remaining 77.4 percent of the Burlington Northern Santa Fe Corporation, parent of BNSF Railway, that it did not already own. [133], In 2016, Berkshire surprised investors by making large equity investments in the major US airlines. Alongside the preferred stock investment, Berkshire obtained warrants allowing Berkshire to buy 700 million common shares at $7.14 per share any time before September 2, 2021. Oct. 20, 2021 6:12 pm ET Order Reprints Print Article Berkshire Hathaway has named Susan Buffett, the daughter of CEO and Chairman Warren Buffett, and investment manager Chris Davis to its. As of March2013[update], BH Media owned 28 daily and 42 non-daily newspapers. Charles Schwab Investment Management, Inc. T. Rowe Price Associates, Inc. (Investment Management). As Tesco's problems mounted through 2014, Berkshire sold all the remaining shares with Buffett saying to shareholders that the delay in selling shares was costly. Prior to joining Torch, Mr. Smith was a partner with KPMG LLP from 2002 to 2012. Insurance and reinsurance business activities are conducted through approximately 70 domestic and foreign-based insurance companies. In the late 1970s, Berkshire acquired an equity stake in the Government Employees Insurance Company (GEICO), which forms the core of its insurance operations today (and is a major source of capital for Berkshire Hathaway's other investments). The top shareholders of Berkshire Hathaway class B shares are Warren E. Buffett, Ronald L. Olson, Meryl B. Witmer, Vanguard Group Inc., BlackRock Inc. ( BLK ), and State Street Corp. ( STT . The new appointments are part of Tesla's $20 million settlement with US regulators in . Robinhood Fires Back at Berkshire Hathaway's Charlie Munger - Nasdaq [87] Scottsdale-based Store Capital is a real-estate investment trust, holding more than 1,700 properties across 48 states. Berkshire Hathaway While most companies scored poorly, and all U.S. electric utilities failed to meet the investors expectations on lobbying and investment plans, Berkshire Hathaway was among the few companies that totally failed in every criteria. See the full leadership team at Craft. [75] In 2006, the company bought Business Wire, a U.S. press release agency. Org chart of Berkshire Hathaway segments Berkshire Hathaway Subsidiaries. Link to SEC Filings. [130], Berkshire previously held a considerable stake in Tesco Plc, the UK grocery retailer. From its Addison, Illinois, headquarters, The Pampered Chef utilizes a network of more than 65,000 independent sales representatives to sell its products through home-based party demonstrations, principally in the United States. The investor's company raised its stake in the truck-stop chain from 38.6% to 80%. Requests should be submitted to the Company at 3555 Farnam St., Suite 1440, Omaha, NE 68131. Companies - Justin Brands", "Berkshire Hathaway Inc. Acquires MiTek Inc", "Berkshire Hathaway to Acquire Shaw Industries", "Berkshire Hathaway Inc, Form 10-Q, Quarterly Report, Filing Date Aug 11, 2003", "Albert Lee Ueltschi, the Father of Modern Aviation Training, Dies at 95", "Welcome - FlightSafety International Inc", "Berkshire Hathaway Inc. to Acquire Executive Jet, Inc", "Berkshire to Buy Oriental Trading Company", "Berkshire Hathaway to Acquire Oriental Trading Company", "Warren Buffett, Berkshire Hathaway buying Pilot Flying J truck stops", "Berkshire Hathaway to Buy Omaha World-Herald Newspaper", "Media General Shares Soar After Warren Buffett Agrees To Buy Its Newspaper", "Berkshire Adds Waco Newspaper, Expanding Media Wager", "Buffett: Local papers have healthy future", "Warren Buffett Buys Post-Newsweek's WPLG", "Warren Buffett Will Sell His Newspaper Empire", "Warren Buffett Can't Buy Real Estate Agencies Fast Enough", "Berkshire Hathaway Inc, Form 6-K, Filing Date Oct 30, 2012", "Canadian real estate industry welcomes Buffett to the neighbourhood", "Metro Phoenix Real-Estate Attracts Warren Buffett", "Why Is Buffett Not Interested in Buying Real Estate? Read more: Famed economist David Rosenberg says investors are falling into a classic market trap that's historically preceded a further meltdown and warns 'there's not going to be much of a recovery', Notable past and present roles: Berkshire director (2018 - present); Berkshire vice chairman of non-insurance operations (2018 - present); Berkshire Hathaway Energy CEO (2008-2018); Kraft Heinz director (2015 - present), Read more: MORGAN STANLEY: Buy these 23 high-growth stocks that look poised to deliver market-beating returns over the long term, Notable past and present roles: Berkshire director (2018 - present); Berkshire vice chairman of insurance operations (2018 - present); executive vice president of National Indemnity (1996 - present). Copyright 1978-2023 Berkshire Hathaway Inc. The Berkshire Hathaway board of directors opposes the shareholder proposal, arguing that many of Berkshires subsidiaries are already making sound climate-related decisions, and that an annual report on climate risks facing the company wouldnt work well with Berkshire Hathaways decentralized structure. watch now. On this Wikipedia the language links are at the top of the page across from the article title. When Warren Buffett eventually is no longer Berkshire Hathaway CEO In 2019, the NetJets program operated more than 10 aircraft types with a fleet size of greater than 750. The Board is charged with the overall conduct of the Company, the management, direction and performance of the Company and its business. Berkshire's Board of Directors has agreed that Mr. Abel should replace . watch now. [111], On March 14, 2011, Berkshire Hathaway announced that it would acquire the Lubrizol Corporation for $9billion in cash, a deal that was described as one of the largest deals ever for Berkshire Hathaway. MidAmerican Energy, Berkshire Hathaway Energys subsidiary in Iowa, highlights its significant investments in wind energy but it has not yet established closure dates for its coal plants. [72][73], On October 3, 2017, it was announced that Berkshire Hathaway will acquire 38.6% of truck stop chain Pilot Flying J, with plans to increase its stake to 80% in 2023. After widespread public opposition in legislative hearings, the bill failed last month. Berkshire Hathaway Energy subsidiaries have also increased their investments in gas infrastructure. Products are researched, designed, and tested by The Pampered Chef, and manufactured by third-party suppliers. And BNSF is a major rail carrier of coal, and along with Union Pacific is the most exposed to weakening thermal coal demand, according to a Moodys report. They would be sold by brokers working for big commissions, would impose other burdensome costs on their shareholders, and would be marketed en masse to unsophisticated buyers, apt to be seduced by our past record and beguiled by the publicity Berkshire and I have received in recent years. On Wednesday, March 1, 2023, a Delaware judge dismissed claims against directors of McDonalds . This copy is for your personal, non-commercial use only. However, Berkshire Hathaway 's (NYSE: BRK.A . 2. The company has been overseen since 1965 by its chairman and CEO Warren Buffett and (since 1978) vice chairman Charlie Munger, who are known for their advocacy of value investing principles. In aggregate, the 500 earned $1.8 trillion in 2021. He breaks down 8 stocks he bet on after the coronavirus decimated markets and 3 he sold. Beyond its energy subsidiaries, other Berkshire Hathaway subsidiaries also remain invested in fossil fuels. [136], In 2022, Berkshire Hathaway disclosed that it has sold its remaining stakes with Wells Fargo during the first quarter.[137]. All rights reserved. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. On August 26, 2011, Berkshire Hathaway purchased $5 billion of preferred shares in Bank of America. Who is on the board of directors of Berkshire Hathaway? - Quora The Chief Executive Officer, Warren E. Buffet Charles T. Munger, Vice Chairman of Berkshire Hathaway. Under their direction, the company's book value has grown at an average rate of 20%, compared to about 10% from the S&P 500 index with dividends included over the same period, while employing large amounts of capital and minimal debt. On December 25, 2007, Berkshire Hathaway acquired Marmon Group. Some good news. -, Berkshire Hathaway's Ajit Jain sells $2 mln of company shares -filing, Berkshire hathaway vice chairman ajit jain sells 6,595 berkshire, Berkshire Hathaway : Omaha, NE (BRK.A; BRK.B) - Form 8-K. WESTERN ASSET INVESTMENT GRADE INCOME FUND INC. WESTERN ASSET INFLATION-LINKED OPPORTUNITIES & INCOME FUND, WESTERN ASSET INFLATION-LINKED INCOME FUND, Chief Financial Officer, Secretary & Senior VP, Director & Vice Chairman-Non Insurance Operations, Director & Vice Chairman-Insurance Operations, Psd-Berkshire Hathaway HomeServices-Blake Realtors, Principal Accounting Officer & Vice President, Bill & Melinda Gates Foundation Trust (Investment Management), Northern Trust Investments, Inc.(Investment Management), Morgan Stanley Smith Barney LLC (Investment Management). At the Berkshire Hathaway 2021 annual meeting, executive vice chair Charlie Munger made an offhand remarking identifying Greg Abel as the successor to CEO Warren Buffett. [126] Berkshire divested 86.2% of its stake by the next quarter. Not all companies do or will disclose without a mandatory framework, raising the cost, or resulting in the misallocation, of capital. Alicia J. Davis Elected to U. S. Steel Board of Directors Berkshire's clothing businesses include manufacturers and distributors of a variety of clothing and footwear. Politico reported that President Joe Biden is preparing to instruct federal agencies to take sweeping action to combat climate-related financial risks to government and the economy. Bloomberg News and E&E News also reported on the expected executive order. Updated February 27, 2023. Paul Morigi / Stringer / Getty Images Warren Buffett called out Theranos for appointing political and military leaders to its board. On June 8, 2017, it was announced that Berkshire Hathaway had settled with California's insurance regulator, allowing its Applied Underwriters unit to sell a revised version of its "controversial" compensation insurance policies for workers in the state. Executive Officers & Directors-Berkshire Entities [127], On May 2, 2019, Warren Buffett told CNBC that one of Berkshire's investment managers, either Todd Combs or Ted Weschler, have been purchasing Amazon shares. Joe Smyth is a Research and Communications Manager for the Energy and Policy Institute. In February, it purchased Johns Manville which was established in 1858 and manufactures fiberglass wool insulation products for homes and commercial buildings, as well as pipe, duct, and equipment insulation products. Board of Directors | Eastman Kodak Company BERKSHIRE HATHAWAY INC. DIRECTORS WARREN E. BUFFETT,Chairman Chief Executive Officer of Berkshire CHARLES T. MUNGER,Vice Chairman of Berkshire SUSAN T. BUFFETT HOWARD G. BUFFETT, President of Buffett Farms and BioImages, a photography and publishing company. [118] The company also holds part of newspaper publisher Lee Enterprises after buying some of Lee's debt after its bankruptcy filing. Mr. Smith also served on the Board of Directors and as audit committee chair for Oilstone Energy Services, Inc., a position he held from October 2014 to June 2016. From humble beginnings, Buffett, known to millions as the ultimate no-nonsense value investor, has amassed a $100bn (72bn) fortune leading Berkshire Hathaway, a $644bn investment group. Berkshire Hathaway Inc said Tom Murphy, the former head of Capital Cities/ABC Inc and longtime friend of Warren Buffett, has resigned from its board of directors after a bout with COVID-19. [13], Berkshire's class A shares sold for $465,725 as of January 5, 2022, making them the highest-priced shares on the New York Stock Exchange, in part because they have never had a stock split and have only paid a dividend once since Warren Buffett took over, retaining corporate earnings on its balance sheet in a manner that is impermissible for mutual funds. TTI's extensive product line includes; resistors, capacitors, connectors, potentiometers, trimmers, magnetic and circuit protection components, wire and cable, identification products, application tools, and electromechanical devices. Holders of class A stock are allowed to convert their stock to Class B, though not vice versa. Michael Bourque. [51] This would have expanded its presence in the insurance space and allowed it to own a holding company much like Berkshire itself. [95], As well as owning companies outright, Berkshire maintains a concentrated portfolio of equities and investments which has historically been managed by Warren Buffett. [58][59], Berkshire currently holds 92% of Berkshire Hathaway Energy. While Buffett has famously avoided tech stocks, he has said that Apple is a consumer products company and that he understands consumer products businesses. Today, Campbell Hausfeld is no longer held by Scott Fetzer, having been sold to Marmon, also a Berkshire subsidiary in 2015. Notes: Munger is Buffett's right-hand man and longtime investing partner. Why Berkshire Hathaway Is a Retiree's Dream Stock By Selena Maranjian - Mar 17, 2021 at 9:05PM You're reading a free article with opinions that may differ from The Motley Fool's Premium. Mr. Katz has served on the board of directors of Berkshire Bancorp, Inc. since June 2013. Berkshire Hathaway has named Susan Buffett, the daughter of CEO and Chairman Warren Buffett, and investment manager Chris Davis to its board of directors.

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