from Hacker News

Howard Buffet will succeed Warren Buffet as chairman of Berkshire Hathaway

by curiouskat on 12/12/11, 7:15 AM with 8 comments

• by loganfrederick on 12/12/11, 11:08 AM

  Before this gets more views, let's establish that the headline is misleading and it's spelled "Buffett".

  Howard Buffett is a NON-EXECUTIVE chairman. He will have little-to-no involvement in investment decisions at Berkshire. My guess based on the actual content of the article is that he is installed to have a vote at board meetings that will help maintain ethical and moral voting policies throughout the firm.

• by budley on 12/12/11, 11:09 AM

  In some ways this is a break from Warren's publicly espoused values, but it seems to be a figurehead kind of thing and you can't really complain about a chairman who doesn't get paid.

• by DiabloD3 on 12/12/11, 8:26 AM

  I hope Howard is even a fraction of the investor Warren is. I mean, don't get me wrong, Howard is probably great, but when your dad is considered one of the best investors ever, its hard to live up to that legacy.

  And yes, I've read the article, thats a pretty long list of what Howard has achieved in his life thus far, its nothing to sneeze at.