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How Berkshire Hathaway Built a Board Without Wall Street
Most corporate boards are packed with current CEOs, former bankers, and retired generals. Berkshire Hathaway's board is different: nine directors, average age over 70, almost no financial-services executives, and zero Wall Street alumni. This episode examines how Warren Buffett and Charlie Munger designed a board that doesn't monitor management so much as preserve a specific culture — and what happens when that culture faces its biggest test, succession. We trace the board's evolution from 1970 to today, look at the addition of Greg Abel and Ajit Jain in 2018, and ask whether a…
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