How Warren Buffett’s Company Is Corporate Old School

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How Warren Buffett’s Company Is Corporate Old School

Barrons2021-03-16

Berkshire Hathaway’s proxy reports hows that the company under Warren Buffett’s longtime leadership remains old school in the way it conducts business and is unlike virtually every major corporation. ...

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Comment（7）

LiJi
·2021-03-16
very slow already
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UpUpJoshua
·2021-03-16
Love
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- Vern88:
  Yup
  2021-03-16
  Reply
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TraderJo98
·2021-03-16
Old but gold
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- 财神爷爷97:
  True
  2021-03-16
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Jerrywjl
·2021-03-16
I like this old man
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- TraderJo98:
  Same
  2021-03-16
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KLS
·2021-03-16
Buy
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3
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boonhuat
·2021-03-16
Post
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1
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祝我大发
·2021-03-16
Hello
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2
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Each board member gets just $300 for each telephone board meeting and $900 for those held in person. Many members earned a total of $1,200 for the year, against an average of more than $250,000 in annual compensation for board members of companies in the S&P 500.\nMany board members view it as a privilege to serve with Buffett and they are willing to do so without getting the financial protection of directors and officers’ insurance—a contrast with nearly all big companies.\nThe board has four members 90 years or older: Buffett (90), Vice Chairman Charlie Munger (97), longtime Berkshire holder and Buffett friend David “Sandy” Gottesman (94), and the former CEO of Capital Cities/ABC, Thomas Murphy (95). The two youngest board members are 58.\nBuffett is both CEO and chairman and doesn’t believe in splitting those positions.\n“It is Mr. Buffett’s opinion that a controlling shareholder who is active in the business, as is currently the case and has been the case for Mr. Buffett for over 50 years, should hold both roles,” the proxy says.\nBuffett owns a 16% economic stake in Berkshire worth around $95 billion and has a 32% voting stake reflecting his ownership of supervoting class A stock.\nBerkshire asked shareholders to reject proposals on climate change and diversity, likely reflecting Buffett’s views on those matters. On the diversity issue, a shareholder has proposed that Berkshire publish an annual report on diversity and inclusion.\nBerkshire cited its decentralized conglomerate structure as a reason for opposing them.\nBerkshire said that three of its 14 board members are women and that two are ethnically diverse: Jain and former American Express CEO Kenneth Chenault.\nUnlike most big companies, Berkshire doesn’t focus on having a diverse board. Berkshire’s statement on the matter is unlike anything among major companies:\n“Berkshire does not have a policy regarding the consideration of diversity in identifying nominees for director. In identifying director nominees, the governance committee does not seek diversity, however defined. Instead, as previously discussed, the governance committee looks for individuals who have very high integrity, business savvy, an owner-oriented attitude and a deep genuine interest in the company.”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":325159291,"gmtCreate":1615879702913,"gmtModify":1704787826320,"author":{"id":"3563864010203724","authorId":"3563864010203724","name":"LiJi","avatar":"https://static.tigerbbs.com/16cb71d421bb5155595bf0414f2d5325","vip":1,"crmLevel":9,"crmLevelSwitch":0,"idStr":"3563864010203724","authorIdStr":"3563864010203724"},"htmlText":"very slow already&nbsp;","listText":"very slow already&nbsp;","text":"very slow 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but gold","listText":"Old but gold","text":"Old but gold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/325124376","repostId":1190305569,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3809076,"gmtCreate":1615901829334,"gmtModify":1680780588886,"authorId":3572418035699527,"author":{"id":3572418035699527,"idStr":"3572418035699527","authorId":3572418035699527,"name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"80.65%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":325124376,"type":1,"supId":0,"prevId":0,"content":"True","text":"True","html":"True"}],"langContent":"EN"},{"id":325128519,"gmtCreate":1615878742131,"gmtModify":1704787815284,"author":{"id":"3568104355560345","authorId":"3568104355560345","name":"Jerrywjl","avatar":"https://static.tigerbbs.com/2e2b981173fec9a97d46ea80ac71efbb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3568104355560345","authorIdStr":"3568104355560345"},"htmlText":"I like this old man&nbsp;","listText":"I like this old man&nbsp;","text":"I like this old man","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/325128519","repostId":1190305569,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3806181,"gmtCreate":1615879223764,"gmtModify":1680780547748,"authorId":3555067011639600,"author":{"id":3555067011639600,"idStr":"3555067011639600","authorId":3555067011639600,"name":"TraderJo98","avatar":"https://static.tigerbbs.com/4b2fb6c4a2935a517c3b7b2963f0308e","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 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