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Berkshire Hathaway Inc. (BRK-B) is a diversified holding company headquartered in Omaha, Nebraska. It operates a wide range of businesses, including insurance, freight rail transportation, utilities, energy, manufacturing, service, and retailing. The company also holds significant equity investments in various publicly traded companies.
- Insurance - Provides underwriting and investment income through primary and reinsurance operations, generating significant capital for the company .
- Manufacturing - Produces industrial, building, and consumer products, including well-known brands like Duracell and Richline Group .
- McLane - Distributes groceries and non-food items through wholesale channels .
- Pilot - Operates travel centers offering fuel and convenience store services .
- BHE (Berkshire Hathaway Energy) - Engages in energy generation, transmission, and distribution, including U.S. utilities and natural gas pipelines .
- BNSF (Burlington Northern Santa Fe) - Operates one of the largest freight railroad networks in North America .
- Service and Retailing - Includes a variety of businesses such as McLane Company for wholesale distribution and NetJets for shared aircraft ownership, as well as retail companies like Pampered Chef and Oriental Trading Company .
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Ajit Jain ExecutiveBoard | Vice Chairman – Insurance Operations | N/A | Leads insurance operations; joined Berkshire in 1986 and has extensive reinsurance expertise. | |
Gregory E. Abel ExecutiveBoard | Vice Chairman – Non-Insurance Ops | Director at Kraft Heinz; President of Horatio Alger Association | Oversees non-insurance businesses; former CEO of Berkshire Hathaway Energy. | |
Warren E. Buffett ExecutiveBoard | Chairman and CEO | N/A | Renowned investor and leader who transformed Berkshire Hathaway into a diversified conglomerate. | View Report → |
Marc D. Hamburg Executive | Senior Vice President and CFO | N/A | Long-serving CFO of Berkshire Hathaway since 1992. | |
Charlotte Guyman Board | Director | Director at Landings Holdings, Evercase; Trustee at Lakeside School; Advisor at UW Precision Medicine | Former Microsoft executive; brings technology and healthcare expertise. | |
Kenneth I. Chenault Board | Director | Chairman of General Catalyst; Director at Airbnb | Former CEO of American Express; brings financial services expertise. | |
Ronald L. Olson Board | Director | Partner at Munger, Tolles & Olson LLP | Legal expert and long-time advisor to Berkshire Hathaway. | |
Stephen B. Burke Board | Director | Director at JPMorgan Chase, Snowflake; Founder of Madison Valley Partners | Former CEO of NBCUniversal; brings media and technology expertise to the board. | |
Susan L. Decker Board | Director | CEO of Raftr; Director at Costco, Vail Resorts, Momentive, Chime, Automattic, Vox Media | Former President and CFO of Yahoo!; financial and operational expertise. | |
Thomas S. Murphy, Jr. Board | Director | Board member at NYU, NYU Langone Health, Inner-City Scholarship Fund | Co-founder of Crestview Partners; former Goldman Sachs partner. | |
Wallace R. Weitz Board | Director | Founder of Weitz Investment Management; Director at Cable One; Trustee at Carleton College | Investment management expert; manages multiple funds. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Pilot Travel Centers LLC | 2024 | Acquired the remaining 20% noncontrolling interest for $2.6B, increasing ownership to 100%. The deal was structured as an equity transaction with a $517M capital adjustment, following litigation settlement regarding the purchase price calculation, and reinforces Berkshire’s exposure to fuel marketing across 650 travel centers and 75 fuel-only locations across North America. |
Berkshire Hathaway Energy | 2024 | Repurchased 5.85% of outstanding common stock and $100M par of debt through a transaction involving $2.4B in cash and a $600M promissory note repaid in October; the deal was recorded with a capital adjustment, aligning with its internal strategic objectives. |
Alleghany Corporation | 2022 | Acquired for approximately $11.6B in cash—funded entirely by existing cash balances—this deal added a portfolio of property and casualty reinsurance, insurance businesses, and non-financial businesses, contributing an estimated $13.5B to Berkshire’s float. |
Recent press releases and 8-K filings for BRK-B.
- Debt Issuance Announcement: The filing details the issuance of multiple Senior Notes with maturities from 2028 to 2055, including aggregate principal amounts of $48.6B, $19.5B, $3.5B, $9.1B, $6.0B, and $3.3B respectively.
- Officer Certification & Compliance: Senior management, including Marc D. Hamburg and Cara A. Lazure, certified the terms and confirmed compliance with the indenture and regulatory requirements.
- Regulatory and Transaction Framework: The notes were issued under a registration statement and an underwriting agreement, ensuring adherence to SEC standards and a cohesive transactional structure.