Thursday, March 19, 2009

Certainly he is not big on business suits or boardrooms but he has shown his business prowess whenever required.

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However, he has made his name more so as an environmentalist and humanitarian and like his father’s close friends (Bill and Melinda Gates), Howard has gained a distinguished reputation in the world of philanthropy. In fact, he has travelled the world several times to document the challenges of preserving biodiversity as well as providing sufficient resources to support human needs. The man has also authored six books and numerous articles on subjects such as conservation and wildlife. And to top it off, Howard heads the Howard G. Buffett Foundation, which primarily supports humanitarian activities across the globe.

Moreover, in September this year, the Howard G. Buffett Foundation and The Bill and Melinda Gates Foundation pledged a total of $75 million to help farmers in sub-Saharan Africa. This includes from selling their surplus crops to support anti-hunger efforts through a programme called Purchase for Progress. Howard’s organisation has also pledged $9.1 million of the $75 million toward the effort. It seems that much like his father, Howard does have his hands spread out in various fields of interest including business, politics, agriculture, conservation, photography and philanthropy, et al; yet he stays loyal and feels most comfortable on his farmland. And that’s what Howard is teaching his five children; honesty, simplicity, and modesty; by taking them on his philanthropy trips to underprivileged places, or with him while farming, Howard is certainly bringing them up “Buffett” style. Certainly he is not big on business suits or boardrooms but he has shown his business prowess whenever required. In fact, currently too Howard is a director of Lindsay Corporation, the Omaha manufacturer of agricultural equipment while continuing to enjoy the ride on his tractor. So, if and when the time comes for him to take over the seat of CEO of Berkshire Hathaway, Howard will follow his father’s advice and “focus on making sure the culture doesn’t change” at Berkshire Hathaway.

For more articles, Click on IIPM Article.
Source :
IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and
Arindam Chaudhuri (Renowned Management Guru and Economist).


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