Meritocracy vs. Diversity....is there a right answer?

EyeVeee
Thu, 09 May 2019 14:19:01 +0000

Diversity for the Berkshire board means not having a Harvard MBA.

Berkshire is a bad example of corporate structure and governance. They have a few dozen employees at the corporate center, with the rest of their 400,000 people spread out in its businesses. One of the largest is GEICO, which has a diversity page on its website. https://www.geico.com/careers/about-geico/corporate-culture/diversity-at-geico/

One of GEICO’s strengths is the diversity of our associates — it infuses our company with energy and new ideas, and helps us meet the needs of our millions of policyholders. Our belief in inclusion drives our day-to-day business and gives us the strength to win in a competitive marketplace.

In many ways, Warren Buffett is the moral compass of American Business. His honesty and transparency might not always be appreciated, but it always delivers wisdom.