No. of Recommendations: 5
'Thomas S. Murphy, Jr. has been elected to the Board of Directors of Berkshire Hathaway Inc. Mr. Murphy co-founded Crestview Partners in 2004. Crestview is a private equity firm based in New York City. Prior to starting Crestview, Mr. Murphy was a Partner at Goldman, Sachs & Co. Additionally, Mr. Murphy serves on the boards of New York University, NYU ' Langone Health and The Inner-City Scholarship Fund.'
https://berkshirehathaway.com/news/dec1922.pdf- Berkshire had technically been out of compliance with NYSE listing requirements for 'independent' board members since the death of Sandy Gottesman.
No. of Recommendations: 3
Seems he has a great background.
He is, of course, Tom Murphy's (of Cap Cities / ABC, Longtime BRK director, close friend of Warren's) son. In the next few days he will file a Form 3 showing how much Berkshire stock he owns. I would imagine it is quite a bit of stock since his father was a large shareholder. Not sure how much of Tom Sr.'s BRK was sent to philanthropies.
No. of Recommendations: 6
I am somewhat disappointed at the selection of yet another money manager / investor, after recent additions, Chris Davis and Wally Weitz, who joined Meryl Witmer.
However I don't question Murphy's credentials, substantial shareholding and knowledge of BRK culture imbibed through his father.
A successful business founder / CEO of a large global corporation would have been a better choice. Indira Nooyi, ex-Pepsi CEO would have checked most boxes. Or someone with a strong tech background, to fill the gap left by Bill Gates. Tim Cook would be perfect, but not sure whether BRK's substantial Apple holding would disqualify him.
