From Barron's this week about Bershire Hathaway naming Meryl Whitmer to the board of directors.
" ..look for directors with very high integrity, an owner-oriented attitude, and a deep genuine interest in the company.....exactly what companies should seek, but often don't find as they pack boards with compliant friends of the chief executive."
ouch
Board members of Bershire Hathaway are paid $900 per meeting they attend in person and $300 per meeting attended by phone and that is all the compensation they get for sitting on the board.
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