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Warren Buffett says adding daughter to board will help preserve Berkshire's culture

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A Lee Enterprises, Incorporated newspaper. Majority shareholder: David Hoffmann, Hoffmann Media Group.

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Warren Buffett says adding daughter to board will help preserve Berkshire's culture

1 of 2

Warren and children

Warren Buffett and his three children, Susie, Howard and Peter. Susie recently joined Howard and her father on the Berkshire Hathaway board. “All three of my children are devoted to maintaining the culture of the place,” said Buffett, Berkshire’s founder, chairman and CEO.

Warren and Susie 1

Warren Buffett and daughter Susie, who has been elected to the Berkshire Hathaway board of directors.

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Henry J. Cordes Omaha World-Herald

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Profit plummets at Buffett's company on investment gains

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Buffett's company abandons $1.3B natural gas pipeline deal

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Warren Buffett and his daughter, Susie.

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Omaha billionaire philanthropist Walter Scott Jr. dies at 90

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Photos: 2019 Berkshire Hathaway shareholders meeting

20190506_new_borsheimsBJS02

Warren Buffett, the CEO of Berkshire Hathaway, and Bill Gates, right, Microsoft co-founder and co-chair of the Bill & Melinda Gates Foundation, play bridge during the shareholder shopping day at Borsheims Fine Jewelry & Gifts on Sunday.

BRENDAN SULLIVAN/WORLD-HERALD

20190506_new_borsheimsBJS08

Ariel Hsing, right, the U.S. Olympian and North American Table Tennis Champion, plays table tennis during the shareholder shopping day at Borsheims Fine Jewelry & Gifts in Omaha on Sunday

BRENDAN SULLIVAN/WORLD-HERALD

20190506_new_borsheimsBJS09

Ariel Hsing, the U.S. Olympian and North American Table Tennis Champion plays table tennis during the shareholder shopping day at Borsheims Fine Jewelry & Gifts on Sunday.

BRENDAN SULLIVAN/WORLD-HERALD

20190506_new_borsheimsBJS05

Warren Buffett, the CEO of Berkshire Hathaway plays bridge against Bill Gates, Microsoft co-founder and co-chair of the Bill & Melinda Gates Foundation during the shareholder shopping day at Borsheims Fine Jewelry & Gifts on Sunday.

BRENDAN SULLIVAN/WORLD-HERALD

20190506_new_borsheimsBJS06

A match featuring bridge champions Bob Hamman and Sharon Osberg, partnering with Bill Gates and Warren Buffett, respectively, was a big draw at Borsheims on Sunday.

BRENDAN SULLIVAN/WORLD-HERALD

20190506_new_borsheimsBJS04

People look on as Warren Buffett, the CEO of Berkshire Hathaway, and Bill Gates, Microsoft founder and Co-Chair of the Bill & Melinda Gates Foundation, play bridge alongside master bridge players Bob Hamman and Sharon Osberg during the shareholder shopping day at Borsheims Fine Jewelry & Gifts on Sunday.

BRENDAN SULLIVAN/WORLD-HERALD

20190506_new_borsheimsBJS07

Warren Buffett, the CEO of Berkshire Hathaway, and Bill Gates, Microsoft founder and Co-Chair of the Bill & Melinda Gates Foundation play bridge alongside master bridge players Bob Hamman and Sharon Osberg during the shareholder shopping day at Borsheims Fine Jewelry & Gifts on Sunday.

BRENDAN SULLIVAN/WORLD-HERALD

20190506_new_borsheimsBJS03

Bill Gates, Microsoft co-founder and co-chair of the Bill & Melinda Gates Foundation, plays bridge against Warren Buffett, the CEO of Berkshire Hathaway, during the shareholder shopping day at Borsheims Fine Jewelry & Gifts on Sunday.

BRENDAN SULLIVAN/WORLD-HERALD

20190506_new_borsheimsBJS01

Warren Buffett, the CEO of Berkshire Hathaway, and Bill Gates, right, Microsoft founder and Co-Chair of the Bill & Melinda Gates Foundation, play bridge during the shareholder shopping day at Borsheims Fine Jewelry & Gifts on Sunday.

BRENDAN SULLIVAN/WORLD-HERALD

20190506_new_borsheimsBJS11

Dale Arden Chong of Los Angeles tries on a necklace alongside her mother Sandra Chong of Omaha, as sales professional Nicole Konen looks on during the shareholder shopping day at Borsheims Fine Jewelry & Gifts in Omaha on Sunday.

BRENDAN SULLIVAN/WORLD-HERALD

20190506_new_borsheimsBJS12

Warren Buffett, the CEO of Berkshire Hathaway, and Bill Gates, right, Microsoft founder and Co-Chair of the Bill & Melinda Gates Foundation, play the card game bridge during the shareholder shopping day at Borsheims Fine Jewelry & Gifts in Omaha on Sunday.

BRENDAN SULLIVAN/WORLD-HERALD

20190506_new_borsheimsBJS13

People look on as Bill Gates, Microsoft founder and Co-Chair of the Bill & Melinda Gates Foundation, plays the card game, bridge alongside master bridge players Bob Hamman and Sharon Osberg during the shareholder shopping day at Borsheims Fine Jewelry & Gifts in Omaha on Sunday.

BRENDAN SULLIVAN/WORLD-HERALD

20190506_new_borsheimsBJS14

Warren Buffett, the CEO of Berkshire Hathaway plays bridge during the shareholder shopping day at Borsheims Fine Jewelry & Gifts in Omaha on Sunday.

BRENDAN SULLIVAN/WORLD-HERALD

20190506_new_borsheimsBJS15

Jane Gjevre of Wayzata, Minnesota browses jewelry during the shareholder shopping day at Borsheims Fine Jewelry & Gifts in Omaha on Sunday.

BRENDAN SULLIVAN/WORLD-HERALD

20190506_new_borsheimsBJS16

Shoppers browse jewelry during the shareholder shopping day at Borsheims Fine Jewelry & Gifts in Omaha on Sunday.

BRENDAN SULLIVAN/WORLD-HERALD

20190506_new_borsheimsBJS18

Berkshire Hathaway CEO Warren Buffett plays bridge during the Berkshire shareholder shopping day at Borsheims Fine Jewelry & Gifts in Omaha on Sunday.

BRENDAN SULLIVAN/WORLD-HERALD

20190506_new_borsheimsBJS17

Locklynn Browning, 3, Ashley Browning, of Sioux Falls, South Dakota and Chelsea Westerman, of Aberdeen, South Dakota look at jewelry during the shareholder shopping day at Borsheims Fine Jewelry & Gifts in Omaha on Sunday.

BRENDAN SULLIVAN/WORLD-HERALD

20190506_new_borsheimsBJS20

Warren Buffett, the CEO of Berkshire Hathaway, and Bill Gates, right, Microsoft founder and Co-Chair of the Bill & Melinda Gates Foundation, play the card game bridge during the shareholder shopping day at Borsheims Fine Jewelry & Gifts in Omaha on Sunday.

BRENDAN SULLIVAN/WORLD-HERALD

20190506_new_borsheimsBJS21

Belinda Jiang, of Omaha, poses with a cardboard cutout of Warren Buffett, the CEO of Berkshire Hathaway, and Vice Chair Charlie Munger during the shareholder shopping day at Borsheims Fine Jewelry & Gifts in Omaha on Sunday.

BRENDAN SULLIVAN/WORLD-HERALD

20190506_new_borsheimsBJS22

Warren Buffett, the CEO of Berkshire Hathaway, and Bill Gates, right, Microsoft founder and Co-Chair of the Bill & Melinda Gates Foundation, play the card game bridge during the shareholder shopping day at Borsheims Fine Jewelry & Gifts in Omaha on Sunday.

BRENDAN SULLIVAN/WORLD-HERALD

20190506_new_borsheimsBJS19

People look on as Warren Buffett, the CEO of Berkshire Hathaway, and Bill Gates, Microsoft founder and Co-Chair of the Bill & Melinda Gates Foundation, play the card game, bridge alongside master bridge players Bob Hamman and Sharon Osberg during the shareholder shopping day at Borsheims Fine Jewelry & Gifts in Omaha on Sunday.

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS01

Warren Buffett, the CEO of Berkshire Hathaway, walks the convention floor during the Berkshire Hathaway Annual Shareholders Meeting at Saturday.

BRENDAN SULLIVAN/THE WORLD-HERALD

20190505_new_berkmeetingBJS02

Warren Buffett, the CEO of Berkshire Hathaway, walks the convention floor during the Berkshire Hathaway Annual Shareholders Meeting on Saturday. 

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS03

Warren Buffett, right, the CEO of Berkshire Hathaway, and Vice Chair Charlie Munger, left, sit together prior to the start of the Berkshire Hathaway Annual Shareholders Meeting.

BRENDAN SULLIVAN/THE WORLD-HERALD

20190505_new_berkmeetingBJS04

Warren Buffett scored big on Monday with an acquisition he made last year.

BRENDAN SULLIVAN/THE WORLD-HERALD

20190505_new_berkmeetingBJS05

Thousands take their seats prior to the start of the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS06

Ray Renk of San Francisco, California, holds his daughter Kennedy, 8, alongside his son Benjamin, 10, while sporting personalized suits and watching Warren Buffett, the CEO of Berkshire Hathaway, walk the convention floor during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS07

With a Dairy Queen creamsicle bar in hand Warren Buffett, the CEO of Berkshire Hathaway, exits the convention floor during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS08

Warren Buffett, the CEO of Berkshire Hathaway, is flanked by members of the media while walking the convention floor during the Berkshire Hathaway annual shareholders meeting at the CHI Health Center on Saturday.

BRENDAN SULLIVAN/THE WORLD-HERALD

20190505_new_berkmeetingBJS09

Warren Buffett, the CEO of Berkshire Hathaway, is flanked by members of the media while walking the convention floor during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS10

Ma Qianli of China, takes a selfie with a mannequin of Warren Buffett, the CEO of Berkshire Hathaway, during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019. 

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS11

Brennan Cruse assists Mikayla Erdelsky, both of Ottawa, Canada, with a better view of Warren Buffett, the CEO of Berkshire Hathaway, who was walking the convention floor during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS12

Thousands take their seats prior to the start of the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS13

A shareholder zooms in on their cell phone while taking a video of Warren Buffett, the CEO of Berkshire Hathaway, walking the convention floor during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS14

Warren Buffett, the CEO of Berkshire Hathaway, walks the convention floor during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS15

Andy Serwer the VP and Editor in Chief of Yahoo Finance stands on a trash can to get a better vantage point of Warren Buffett, the CEO of Berkshire Hathaway, who was walking the convention floor during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019. 

BRENDAN SULLIVAN/WORLD-HERALD

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Vice Chair of Berkshire Hathaway, Charlie Munger, left, checks his watch while awaiting the start of the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

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Thousands take their seats prior to the start of the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha on Saturday. 

BRENDAN SULLIVAN/THE WORLD-HERALD

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Benjamin Renk, 10, and his father Ray Renk, of San Francisco, California, sport personalized suits while watching Warren Buffett, the CEO of Berkshire Hathaway, walk the convention floor during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019. 

BRENDAN SULLIVAN/WORLD-HERALD

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Warren Buffett, the CEO of Berkshire Hathaway, is flanked by members of the media while walking the convention floor Saturday.

BRENDAN SULLIVAN/THE WORLD-HERALD

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Shareholders walk though the concourse during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

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At around 6:30 a.m., thousands of people await to enter the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

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Warren Buffett, the CEO of Berkshire Hathaway, walks the convention floor during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

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Warren Buffett, the CEO of Berkshire Hathaway, walks the convention floor during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

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Two men take photographs on their phones as thousands await the start of the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

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Disaster response coordinator with Duracell, Shane Grady, of Destin, Florida, stands on a vehicle to get a better vantage point of Warren Buffett.

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS26

Ray Renk of San Francisco, California, holds his daughter Kennedy, 8, alongside his son Benjamin, 10, while sporting personalized suits and watching Warren Buffett, the CEO of Berkshire Hathaway, walk the convention floor during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS27

Warren Buffett walks the convention floor during a previous Berkshire shareholders weekend. This year the meeting was held online due to the viral pandemic. Buffett was joined during the Q&A session by Vice Chairman Greg Abel.

BRENDAN SULLIVAN/THE WORLD-HERALD

20190505_new_berkmeetingBJS28

At around 6:30 a.m., thousands of people await to enter the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS29

Kim Seong Cheol, 12, center, of South Korea, samples the FlightSafety Mixed Reality Flight during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019. 

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS30

Shareholders Charlotte Beardmore, of Gretna, and Dwight Derry of Omaha, color a spot of their choice at the Benjamin Moore & Co. booth during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

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People wait in line to shop at the Fruit of the Loom booth which showcased their designs during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS32

Ajay Punia, 4, of Danville, California, watches toy trains pass by at the BNSF Railway booth during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS33

Shareholder Glenn Barker, of Corinth, Mississippi, uses the phone alongside a Warren Buffett display at the Benjamin Moore & Co. booth during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS34

Aleck Liu, of Omaha, samples the FlightSafety Mixed Reality Flight during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS35

People explore the convention center during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS36

People await the opportunity to tour a NetJets aircraft during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

20190505_new_berkmeetingBJS37

People explore the convention center while walking past signage of Warren Buffett and Charlie Munger, at the Benjamin Moore & Co. booth during the Berkshire Hathaway Annual Shareholders Meeting at the CHI Health Center Omaha in Omaha, Nebraska, Saturday, May 4, 2019.

BRENDAN SULLIVAN/WORLD-HERALD

20190504_new_berkshopKS009

Jan Eisenschmid of Germany shares a high five with the Geico Gecko before posing together for a photo as Berkshire Hathaway shareholders take advantage of Shareholder Shopping Day in the exhibit hall of the CHI Health Center in Omaha.

KENT SIEVERS/THE WORLD-HERALD

20190504_new_berkshopKS001

Both the Geico Gecko and Marlene Owens of Morro Bay, California are wearing smiles as Marlene stands in the checkout line at the Geico store during Shareholder Shopping Day in the exhibit hall of the CHI Health Center in Omaha

KENT SIEVERS/THE WORLD-HERALD

20190504_new_berkshopKS005

Michael Gawley, 4, enjoys a chocolate chip cookie from atop the shoulders of his father, John Gawley of Ralston, Nebraska as Berkshire Hathaway shareholders take advantage of Shareholder Shopping Day in the exhibit hall of the CHI Health Center in Omaha.

KENT SIEVERS/THE WORLD-HERALD

20190504_new_berkshopKS003

An Acme brick works the crowd as Berkshire Hathaway shareholders take advantage of Shareholder Shopping Day in the exhibit hall of the CHI Health Center in Omaha.

KENT SIEVERS/THE WORLD-HERALD

20190504_new_berkshopKS008

Shareholders outside CHI Health Center waiting for entry to Berkshire Hathaway's Shareholder Shopping Day in the exhibit hall of the CHI Health Center in Omaha.

KENT SIEVERS/THE WORLD-HERALD

20190504_new_berkshopKS010

Heather Mason of Park City, Utah tries on some new footwear in the Justin Boots booth as Berkshire Hathaway shareholders take advantage of Shareholder Shopping Day in the exhibit hall of the CHI Health Center in Omaha.

KENT SIEVERS/THE WORLD-HERALD

20190504_new_berkshopKS006

Dairy Queen treats all around for Mary Herrington of Bellevue, Nebraska and her two children Lydia Herrington, 2, and A.J. Herrington, 6, during Berkshire Hathaway's Shareholder Shopping Day in the exhibit hall of the CHI Health Center in Omaha on Friday.

KENT SIEVERS/THE WORLD-HERALD

20190504_new_berkshopKS004

Omaha juggler Peter Brunette entertains the crowd as Berkshire Hathaway shareholders take advantage of Shareholder Shopping Day in the exhibit hall of the CHI Health Center in Omaha on Friday.

KENT SIEVERS/THE WORLD-HERALD

20190504_new_berkshopKS007

Tuned in to their smartphones below an image of Warren Buffett on display in the Bookworm booth, are from left, Bok Ai Ong of Singapore, Jan Moore of Calgary Alberta Canada and Jack Johnston of Dayton, Ohio during Berkshire Hathaway's Shareholder Shopping Day in the exhibit hall of the CHI Health Center in Omaha on Friday.

KENT SIEVERS/THE WORLD-HERALD

20190504_new_berkshopKS002

A giant shareholder badge on display as Berkshire Hathaway shareholders take advantage of Shareholder Shopping Day in the exhibit hall of the CHI Health Center in Omaha on Friday.

KENT SIEVERS/THE WORLD-HERALD

20190504_new_berkshopKS013

Vicki Wanek of Omaha, left, and Lisa Wanek of Elkhorn take a rest from shopping at Berkshire Hathaway's Shareholder Shopping Day in the exhibit hall of the CHI Health Center in Omaha on Friday.

KENT SIEVERS/THE WORLD-HERALD

20190504_new_berkshopKS012

Berkshire Hathaway shareholders take advantage of Shareholder Shopping Day in the exhibit hall of the CHI Health Center in Omaha on Friday.

KENT SIEVERS/THE WORLD-HERALD

20190504_new_berkshopKS011

Omaha juggler Peter Brunette greets Sareen Parikh, 6, left and Maria Shah, 7, both of New Jersey, as Berkshire Hathaway shareholders take advantage of Shareholder Shopping Day in the exhibit hall of the CHI Health Center in Omaha on Friday, May 3.

KENT SIEVERS/THE WORLD-HERALD

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A contemplative Kaden Sanders, 12, of Lafayette, Louisiana stands in front of a giant image of Warren Buffett on display in the Benjamin Moore booth during Berkshire Hathaway's Shareholder Shopping Day in the exhibit hall of the CHI Health Center in Omaha on Friday, May 3.

KENT SIEVERS/THE WORLD-HERALD

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Warren and children

Warren Buffett and his three children, Susie, Howard and Peter. Susie recently joined Howard and her father on the Berkshire Hathaway board. “All three of my children are devoted to maintaining the culture of the place,” said Buffett, Berkshire’s founder, chairman and CEO.

Warren Buffett and daughter Susie, who has been elected to the Berkshire Hathaway board of directors.

Warren Buffett and his daughter, Susie.

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