Yea, that makes complete sense, why hasn't Birkshire dumped Buffet yet and replaced him with a middle aged white man. They are the best at everything...agism, racism, even serial killings and mass shootings.
It is well established that by 50 the human brain is on its decline in terms of innovations and peaks in the early to mid-20s. It doesn't matter if a person is in their 80s what is important is peak intelligence and whether they are suffering any dementia. Barring that an intelligent, innovative individual in their 80s will be more effective than an average guy in their 50s. The equivalent of a young Quentin is not going to be interested in CoolTech....yet. Best they could do is get a so-so person who 'needs' the job. We are much better off with Quentin who is doing it because he believes in the company and wants to contribute not because he needs the job. He also has been very accommodating with when and how (frequently shares versus cash) with respect to his salary unlike the previous president who bled the company down.
Here is his vita...how does yours compare?
Mr. Quentin Dean Ponder is Vice Chairman of the Board, Chief Financial Officer of the Company. He was appointed Chief Financial Officer and Vice Chairman. Mr. Ponder is a seasoned executive with over 40 years of management experience. From November 1962 to July 1967, Mr. Ponder served as Senior Manufacturing Engineer at General Electric where he worked in the development of a flow manufacturing system. From July 1980 to June 1985, he was President of Franklin Electric, Inc., an electric motor company, where he restructured the company which became a global leader in submersible motors for water wells. From July 1985 to March 1990, Mr. Ponder was President of Baldor Electric, Inc., an electric motor company, where he restructured the company. From April 1990 to May 1997, Mr. Ponder worked for Lincoln Electric, Inc., as a consultant. From May 1990 to the present, Mr. Ponder has worked as an independent management consultant. Mr. Ponder serves as a director and is a 33.3% owner of Reliable Electric Motor Company, Inc., an electric motor importer. Mr. Ponder is the sole owner and a director of Summit Management Consulting, Inc. and Capital Alternatives, Inc., a semi-trailer leasing company. Mr. Ponder earned a Ph.D. from Columbia University in general management, accounting, and economics. Mr. Ponder's extensive experience in the electric motor industry led to the decision to appoint him to the Board
