No. of Recommendations: 8
But I agree, after he retires from Apple in 2-3 years, he would make a good addition to the Berkshire BOD.
My question is: Why would Tim Cook want to join the BRK board?
o Pay is negligible.
o The board is rarely consulted on investment decisions. Greg can call Tim if he wishes.
o BRK does not provide its directions with liability coverage.
o He can already access Buffett, or Greg, anytime he wishes. In reality, what could they teach him?
o He doesn't gain any prestige from being on the board, unlike many others.
o He doesn't owe Buffett any favors to help oversee BRK.
People just assume being on the BRK board is a big deal. It isn't for some people.
I'll never be invited. But if I should, I would say no. Why expose my family to liability, however remote?
