Warren Buffett Adds Daughter to Board, Deepening Berkshire Family Ties
- Female scions also on boards at Ford, Viacom and Campbell
- Descendants hold 26% of seats at public, family-led companies
Warren Buffett and his daughter Susan Alice Buffett.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
The addition of Warren Buffett’s daughter Susan Alice Buffett to the Berkshire Hathaway Inc. board doesn’t fit the profile of the typical director diversity appointment. She will serve alongside her brother, who’s the probable next chairman when her father steps down.
Unlike most publicly traded companies that are limited to a pool of candidates who tend to skew White and male, family-run companies have more leeway to prepare women for future roles almost from childhood. Ford Motor Co., ViacomCBS Inc., Tyson Foods Inc. and Campbell Soup Co. have corporate boards that include female scions from the controlling family.