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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: BreckHutHigh ⎊  😊 😞
Number: of 22353 
Subject: Re: Berkshire Proxy: How I voted
Date: 03/22/23 2:10 PM
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No. of Recommendations: 3
"Not everyone on a board should have the same qualifications nor the same talents. If that was the goal, why bother with having more than one person?"

Which of Howie and Susie's qualifications do you think Berkshire will benefit from?

From the 2023 Proxy:

proxydocs.com: Berkshire Hathaway Inc. 2023 Annual Materials

HOWARD G. BUFFETT, age 68, has been a director of the Corporation since 1993. Since 1999, Mr. Buffett has been the Chairman and Chief Executive Officer of the Howard G. Buffett Foundation, a charitable foundation that directs funding for humanitarian and conservation related issues. Mr. Buffett also serves on the boards of several other charitable organizations. Mr. Buffett was the Sheriff of Macon County, Illinois between September 2017 and December 2018. He was a director of The Coca-Cola Company from December 2010 until April 2017.

Additional Qualifications:
Howard Buffett brings to the Board his experience as the owner of a small business, as a past senior executive of a public corporation, as a former director of other public corporations and as the Chairman and CEO of a large charitable foundation.

SUSAN A. BUFFETT, age 69, was elected a director of the Corporation on October 20, 2021. For more than the past five years, she has been the Chairman of The Sherwood Foundation and the Chairman of The Susan Thompson Buffett Foundation, each of which is a private grant-making foundation based in Omaha, NE. Ms. Buffett also serves on the boards of several other charitable organizations.

Additional Qualifications:
Susan Buffett brings to the Board her experience as the board chair of two large charitable foundations and as a board member of several other charitable organizations.

"That Warren has espoused other things over an extended career doesn't surprise me either. Over 70 years I have probably said things that I would disagree with or modify now."

Here Berkshire's current board qualification criteria:

"In choosing directors, the Company seeks individuals who have very high integrity, business savvy, owner-oriented attitude, a genuine interest in the Company and a significant investment in Berkshire shares relative to their resources for at least three years. The Company is required to elect a majority of directors who are independent."

Berkshire Hathaway: PDF document

You may disagree but I don't see Howie and Susie having either "business savvy" or "independence".

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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
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