[70] This joined Berkshire's other jeweler acquisition, Helzberg Diamonds. Image source: The Motley Fool. Since October 2021, Mr. Smith also serves on the Board of Directors of Health Care Service Corporation. Buffett had made an investment in US Airways in 1989 which, although he sold for a profit, almost lost Berkshire a substantial sum of money. [97], As of February 2023, roughly 75% of Berkshire's equity securities were concentrated in five companies: American Express Company ($26.29 billion), Apple Inc. ($135.47 billion), The Coca-Cola Company ($23.91 billion), Chevron Corporation ($27.17 billion), and Bank of America Corporation ($35.36 billion)[98]. Notes: Became a billionaire after an early investment in Berkshire. In August 2000, Berkshire Hathaway entered the building products business with the acquisition of Acme Building Brands. 1. 2021 Berkshire Hathaway Annual Meeting. Reporters and analysts embrace its existence as well. The 90-year-old billionaire on Saturday admitted he "paid too much" when his Berkshire Hathaway Inc spent $32.1 billion in 2016 to buy aircraft. Majority Action, an organization that works with shareholders to hold corporations accountable on climate risks and other issues, also urged shareholders to vote against Warren Buffet at the Berkshire Hathaway annual meeting because of the companys failure to establish a net zero target, align its investment plans to limit global warming to 1.5C, or ensure its lobbying efforts support those goals. Pacificorp also owns stakes in coal mines, which supplied 16% of the utilitys total coal consumption in 2020. Berkshire Hathaway Home Services . Continuing to serve on the 2021 Board of Directors are Kathy Carroll of Berkshire Hathaway HomeServices Stouffer Realty; Sharon Drummond of RE/MAX Valley Real Estate; Breanna Fitzgerald. ", "The Scott Fetzer Company Brand Portfolio", "Berkshire Hathaway Inc. To Acquire 60% of Pritzker Family Company, Marmon Holdings, Inc", "Kathryn Farmer becomes the first woman CEO of an American railroad", "Warren Buffett Jumps Into Autos, Buying Van Tuyl Group", "Billionaire Warren Buffett's Berkshire Hathaway buys North Park Toyota", "Why Warren Buffett Just Bought Duracell", "Chairman's letter 2008 Annual Report, p.13", https://www.cnbc.com/berkshire-hathaway-portfolio/, "Buffett's Bumpy Ride With IBM Draws to a Close With Stock Sales", "Warren Buffett says Berkshire Hathaway has sold completely out of IBM", "Warren Buffett's Berkshire Hathaway buys 75M more Apple shares, sells off IBM", "Goldman Sachs | Press Releases - Berkshire Hathaway to Invest $5 Billion in Goldman Sachs", "Warren Buffett's billion-$$ Goldman bet pays off", "Franc Reverses Gain Versus Dollar as Buffett Buys Bank of America Shares", Car Designer Sees China's Wheels Electric-powered, "Berkshire Hathaway Inc. to Acquire Burlington Northern Santa Fe Corporation (BNSF) for $100 Per Share in Cash and Stock", "Berkshire Hathaway to Buy Lubrizol for $9billion", "Warren Buffett to meet policyholders in India", "Berkshire and 3G Capital in a $23 Billion Deal for Heinz", "Berkshire Hathaway Becomes Majority Owner of H.J. Board of Directors - United Airlines Holdings, Inc. Home Investor Relations Corporate Governance Board of Directors Board of Directors Edward M. Philip Carolyn Corvi Matthew Friend Barney Harford Michele J. Hooper Walter Isaacson Richard Johnsen James A. C. Kennedy Scott Kirby Edward L. Shapiro Laysha Ward James M. Whitehurst American multinational conglomerate holding company, (19291955; formed in 1929 by the merger of Valley Falls Company and Berkshire Cotton Manufacturing Company), largest American-owned private employers in the United States, Public Utility Holding Company Act of 1935, Union Underwear Corp. Fruit of the Loom, List of assets owned by Berkshire Hathaway, "US SEC: Form 10-K Berkshire Hathaway Inc", "Warren Buffett's Berkshire Hathaway quietly made a $8.2 billion acquisition that taps into the electric-vehicle boom", "Apple hits record high after Buffett's Berkshire increases stake", "Berkshire Hathaway shares topped $500,000 eachhere's why Warren Buffett says he'll never split the stock", "John Kostrzewa: Rich and richer: Berkshire, Buffett and R.I.'s Chace family", "CNBC Transcript: Warren Buffett's $200B Berkshire Blunder and the Valuable Lesson He Learned", "Berkshire Hathaway to join S&P 500, shares soar", "Buffett's Berkshire Hathaway joins S&P 500 Index", "Warren Buffett's Berkshire Hathaway named most respected company", "Berkshire Hathaway, Form 10-Q, Quarterly Report, Filing Date Nov 7, 2008", "Buffett to Invest $5billion in Goldman", "Buffett Says He Backs Goldman's Blankfein 100%", "Warren Buffett: Value Man Through And Through", "Berkshire Hathaway's annual meeting Quartz Obsession", "Buffett's bash begins Saturday in Omaha", "Pilgrimage to Omaha My story of the Berkshire Hathaway AGM (Annual general meeting) of 2004 and meeting Warren Buffett", "Whitney Tilson's 2006 Berkshire Hathaway Annual Meeting Notes", "Bill Gates to Leave Boards of Microsoft and Berkshire Hathaway", "Berkshire moves step closer to Buffett succession", "Berkshire Hathaway is pleased to announce that Todd Combs will soon be joining Berkshire as an investment manager", "Berkshire Hathaway, Form 10-K, Annual Report, Filing Date Mar 1, 2013", "Berkshire Hathaway to Add Second Investment Manager", "Buffett Waits on Fat Pitch as Cash Hoard Tops $50 Billion", "Buffett's Annual Letter: Berkshire Records $29 Billion Gain From Tax Law", "Berkshire Hathaway Inc, Current Report, Filing Date Jan 10, 2018", "Warren Buffett's Berkshire Hathaway expands its board", "Warren Buffett Still Hasn't Revealed a Berkshire Hathaway Succession Plan", "BERKSHIRE HATHAWAY ANNUAL & INTERIM REPORTS", "Berkshire Hathaway Annual & Interim Reports", "Fortune 500 Companies 2018: Who Made the List", "Berkshire Hathaway Inc, Form 10-K, Annual Report, Filing Date Mar 30, 1999", "Berkshire Hathaway, Form 8-K, Current Report, Filing Date Jan 5, 1999", "Berkshire Hathaway to buy reinsurer, start bond insurer", "Berkshire Hathaway, Form 10-Q, Quarterly Report, Filing Date May 2, 2008", "Berkshire Unit Settles With California Regulator Over Workers Comp Insurance", "Applied Underwriters Sold to Founder in $920M Deal", "Berkshire to buy insurer Alleghany for $11.6 billion in Warren Buffett's biggest deal in years", "Berkshire's $11.6B Alleghany Deal Expands Insurance Business", "Berkshire's $11.6B Alleghany deal expands insurance business", "Why a Bidding War for Alleghany Could Erupt", "Why the Insurer Alleghany Could Be Worth $1,000 a Share", "Warren Buffett's disdain for investment banking 'money-shufflers' leads to lower takeover price for Alleghany Corp. shareholders", "The 1 Stock Warren Buffett Is Most Likely to Sell in 2015", "Buffett's Berkshire slashes Goldman stake; exits Phillips 66, Travelers", "Warren Buffett Sold Phillips 66 -- Here's Why I'm Holding (and May Buy More)", "Links to Berkshire Hathaway Sub. [75] In 2006, the company bought Business Wire, a U.S. press release agency. [78], In 2012, Berkshire Hathaway bought Texas dailies The Eagle in Bryan-College Station and the Waco Tribune-Herald. The current members of the board of directors of Berkshire Hathaway are Warren Buffett (Chairman), Charlie Munger (Vice Chairman), Greg Abel (Vice Chairman), Ajit Jain (Vice Chairman), Chris Davis, Susan Alice Buffett (Warren's daughter), Howard Graham Buffett (Warren's son), Ronald Olson, Kenneth Chenault, Steve Burke, Susan Decker, Meryl Witmer, Charlotte Guyman. Berkshire acquired CTB International Corp. in 2002. The company began its BH Media Group subsidiary with a purchase of the Omaha World-Herald in December 2011,[76] which included six other daily newspapers and several weeklies across Nebraska and southwest Iowa. . Its non-insurance subsidiaries operate in diverse sectors such as confectionery, retail, railroads, home furnishings, machinery, jewelry, apparel, electrical power and natural gas distribution. Annual Meeting Information. Shanfelter has served on Orion Group's Board of Directors since 2007 and was named Chairman in January 2021. Brown Shoe Group, Acme Boots, Brooks Sports and Justin Brands. [123], On April 6, 2022, Berkshire Hathaway disclosed in its regulatory filing that the company had bought 121 million shares of HP Inc. valued at more than $4.2 billion. Berkshire acquired Russell Corporation on August 2, 2006, for $600million. Michael Bourque. At the time of purchase, Berkshire's voting interest was limited to 10% of the company's shares, but this restriction ended when the Public Utility Holding Company Act of 1935 was repealed in 2005. Berkshire made an after-tax loss of $444 million on the Tesco investment. Berkshire Hathaway Inc. elected two new members to its board, including Warren Buffett's daughter. [135] In April 2020 Berkshire sold all shares in US Airlines in response to the COVID-19 pandemic. Click to email a link to a friend (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Reddit (Opens in new window), Utility Front Group Advertisement Tracker, American Coalition for Clean Coal Electricity, Gas utilities push RNG and hydrogen to expand fossil fuel infrastructure, AGA uses millions of dollars from utility customers to promote a fossil fuel agenda, Internal documents detail how gas utilities greenwash RNG and hydrogen, Front groups and trade associations funded by gas utilities fight electrification policies, List of deceptive RNG and hydrogen projects, UARG, the sequel? Joe Smyth is a Research and Communications Manager for the Energy and Policy Institute. Also in June 2017, Berkshire's $377 million investment and 10 percent purchase in Store Capital[86] makes it the company's third-largest investor, after Vanguard Group and Fidelity Investments. HomeServices has operations in 28 states and over 22,000 sales associates. [4], The company's insurance brands include auto insurer GEICO and reinsurance firm General Re. Berkshire's footwear businesses include H.H. ", Notable past and present roles: Berkshire director (1997 - present); Munger, Tolles & Olson cofounder and partner (1962 - present); The Washington Post Company director (2003 - 2017), Source: Berkshire Hathaway; Graham Holdings, Read more: GOLDMAN SACHS: Buy these 25 stocks that are wildly popular with hedge funds and have crushed the market this year, Notable past and present roles: Berkshire director (1988 - present); Peter Kiewit Sons CEO (1979 - 1998). TTI's extensive product line includes; resistors, capacitors, connectors, potentiometers, trimmers, magnetic and circuit protection components, wire and cable, identification products, application tools, and electromechanical devices. [107] Based on the share price in June 2017, this position has yielded a profit of more than $10 billion excluding the annual interest earned from the preferred stock. After the morning newspaper Buffalo Courier-Express ceased operation in 1982, the Buffalo Evening News changed its name to The Buffalo News and began to print morning and evening editions. [108], In September 2008, MidAmerican Energy Holdings, a subsidiary of Warren Buffett's Berkshire Hathaway Inc., invested about US$230million for a 10% (or 9.89%[109]) share of BYD @ HK$8/share. Read more: David Herro was the world's best international stock picker for a decade straight. [41] Berkshire Hathaway's market capitalization was valued at over US$496 billion in September 2018. The Haslam family will retain control of day-to-day operations of the company.[74]. . The earnings of the insurance business plummeted from $1,566 billion in 2018 to $657 billion in 2020 (p. K-33 of the 2021 10-K ). He is currently the chairman and CEO of Berkshire Hathaway. Moore formulates, manufactures, and sells architectural coatings that are available primarily in the United States and Canada. Licensed under a Creative Commons Attribution 3.0 License by Energy and Policy Institute. CEO Name CEO Pay Median Employee Pay CEO Pay Ratio Warren E. Buffett CEO Pay$373,204 Median Employee Pay$58,881 CEO Pay Ratio6:1 Browse Board of Directors By First Name A B C D E F G H I J K L M N O P Q R S T U V W X Y Z How kids can make money. Org chart of Berkshire Hathaway segments Berkshire Hathaway Subsidiaries. Copyright 1978-2023 Berkshire Hathaway Inc. Berkshire then restarted buying Apple stock again between September to December. Read more: An elite 'ultragrowth' investor explains how he's beating the market in 2020 and analyzes 4 stocks he thinks will help him stay on top for the next 5 years, Notable past and present roles: Berkshire director (1993 - present); Sheriff of Macon County, Illinois (2017 - 2018); Howard G. Buffett Foundation chairman and CEO (2013 - present), Warren Buffett's son (1954 - present), Notable past and present roles:Berkshire director (2009 - present); NBCUniversal chairman (2020 - present); NBCUniversal CEO and Comcast senior executive vice president (2011 - 2019); JPMorgan director (2004 - present). Mr. Katz served as an observer to our Board from September 2013 to February 2019. You must click the activation link in order to complete your subscription. Copyright 1978-2023 Berkshire Hathaway Inc. News Releases from Berkshire Hathaway and from Warren Buffett, Berkshire Hathaway Energy Investor Presentations, Special Letters from Warren & Charlie RE:Past, Present and Future, Warren Buffett's Letters to Berkshire American Airline's CEO Doug Parker is said to have won over Ted Weschler in arguing that the airline industry had consolidated sufficiently and rationalized supply such that longer-term profitability could be achieved in an industry that has historically been loss-making in aggregate. [17] Buffett defended Lloyd Blankfein's decisions as CEO of Goldman Sachs. However, Berkshire Hathaway 's (NYSE: BRK.A . In 1929, the Valley Falls Company merged with the Berkshire Cotton Manufacturing Company established in 1889, in Adams, Massachusetts. It supplies high technology pilot training to aircraft operators in the fields of military, governmental, corporate, and regional or mainline flying. Notable past and present roles:Berkshire director (2020 - present); General Catalyst chairman and managing director (2018 - present); American Express CEO (2001 - 2018); Facebook director (2018-2020). They would be sold by brokers working for big commissions, would impose other burdensome costs on their shareholders, and would be marketed en masse to unsophisticated buyers, apt to be seduced by our past record and beguiled by the publicity Berkshire and I have received in recent years. Board of Directors. This is obviously true for Berkshire Hathaway. He was formerly the Chief Equality and Recruiting Officer at Salesforce, which he joined in September 2016 until July 2021. Investidor Profissional Gesto de Recursos Ltda. The meetings, nicknamed "Woodstock for Capitalists", are considered Omaha's largest annual event along with the baseball College World Series. Yet unlike most other large investor-owned U.S. electric utilities, Berkshire Hathaway Energy has not announced a net zero goal. ISS disclosed its recommendations to investors on Friday, saying they should withhold votes from Susan Decker, David Gottesman, Walter Scott Jr and Meryl Witmer, who make up the compensation. [127], On May 2, 2019, Warren Buffett told CNBC that one of Berkshire's investment managers, either Todd Combs or Ted Weschler, have been purchasing Amazon shares. Buffett, Howard G. Buffett, Malcolm G. Chace, Ronald L. Olson, and Walter Scott, Jr. Berkshire Hathaway BRK.A, -0.38%, BRK.B, -0.40%, Warren Buffett's distinctive company, has long been admired. In 1962, Warren Buffett began buying stock in Berkshire Hathaway after noticing a pattern in the price direction of its stock whenever the company closed a mill. The warrants have been exercised and Berkshire holds 3% of the share capital of Goldman Sachs. Today, Campbell Hausfeld is no longer held by Scott Fetzer, having been sold to Marmon, also a Berkshire subsidiary in 2015. Since 2010, Todd Combs and Ted Weschler also work alongside Buffett in managing investments. Mr. Smith also served on the Board of Directors and as audit committee chair for Oilstone Energy Services, Inc., a position he held from October 2014 to June 2016. Clean Air Act Monitoring Service and Climate Legal Group appear at McGuireWoods, established closure dates for its coal plants, lobbyists have also pushed a proposal to build ten new gas plants in Texas, could have killed the states solar industry, caused $56 million in damage to MidAmerican Energys electric system, Berkshire Hathaway Opposes Climate Risk Reporting Demands from Shareholders - The Energy Mix, Utility trade associations say utilities are disclosing climate risks to investors. Board of Directors Hamilton E. James Chairman of the Board Susan Decker Director Kenneth D. Denman Director Richard A. Galanti Executive Vice President, CFO and Director W. Craig Jelinek CEO and Director Sally Jewell Director Charles T. Munger Director Jeff Raikes Director John W. Stanton Director Ron Vachris President, COO and Director Among its partially owned businesses are Pilot Flying J (80%),[5] Kraft Heinz Company (26.7%), American Express (18.8%), Bank of America (11.9%), The Coca-Cola Company (9.32%) and Apple (5.57%). On May 1, 2008, Mitek acquired Hohmann & Barnard, a fabricator of anchors and reinforcement systems for masonry and on October 3 of that year, Mitek acquired Blok-Lok, Ltd. of Toronto, Canada.