Berkshire Hathaway Director Ron Olson Talks About CEO Succession
Published on April 13, 2010
Berkshire Hathaway Director Ron Olson was interviewed by Betty Liu today on Bloomberg. Mr. Olson has been a director of the company since 1997 and comments on succession planning at Berkshire. No news is broken in this video since Mr. Olson simply confirms the process that Warren Buffett has discussed on several occasions. However, it is interesting to see a board member who is rarely seen giving public interviews comment on his level of confidence in the process.
Mr. Olson is a partner at Munger, Tolles & Olson LLP, a law firm that has provided legal advisory services to Berkshire for many years and earned fees of $4.5 million related to Berkshire business in 2009. Like all Berkshire directors, Mr. Olson receives very little pay with director fees of $3,000 in 2009. He has substantial holdings in Berkshire Hathaway with 254 A shares and 15,000 B Shares as of December 31, 2009.