Howard Buffett said following his billionaire father,
Warren, as chairman of Berkshire Hathaway Inc. will require upholding practices
that have been prized for decades as the company grew to $240 billion in market
value.
Protecting Berkshire’s culture “means that I need to make
sure that people feel that they’ve been treated fairly, that whatever my dad
committed to them remains committed,” Howard Buffett, 58, said in an interview
with Bloomberg Television’s Betty Liu, airing today.
During more than four decades leading Berkshire, Warren Buffett,
82, who is also the company’s largest
shareholder, has said the next generation of leaders should divide his duties
among a chief executive officer, investment managers and his son, a farmer and
philanthropist who has been on the board since 1993.
The younger Buffett is a director of Coca-Cola Co., the
world’s largest soft-drink maker, and once was the head of investor relations
for Archer-Daniels-Midland Co….
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