Berkshire Hathaway headquarter is a multinational conglomerate holding company based in Omaha, Nebraska. Founded by Warren Buffett in 1965, the company has grown to become one of the largest and most successful in the world, with a diverse range of subsidiaries and investments spanning industries such as insurance, retail, energy, and more.
The history of Berkshire Hathaway dates back to the 1830s, when Oliver Chace founded a textile manufacturing company called Valley Falls Company in Rhode Island. Over the years, the company expanded and acquired other textile mills, eventually becoming known as Berkshire Hathaway in the 1950s.
In 1965, Warren Buffett, a successful investor and businessman, began buying shares of Berkshire Hathaway, with the goal of turning the struggling textile company into a holding company for his investments. Over time, Buffett acquired more and more shares, eventually gaining control of the company and transforming it into the successful conglomerate it is today.
Berkshire Hathaway’s headquarters are located in Omaha, Nebraska, a city of approximately 480,000 people in the central United States. The company’s headquarters are housed in the Kiewit Plaza, a 14-story office building located in the heart of downtown Omaha. The building was constructed in 1962 and has been the home of Berkshire Hathaway since the company’s inception.
Berkshire Hathaway’s headquarters can be contacted by mail at the following address:
- Berkshire Hathaway Inc. 3555 Farnam Street Suite 1440 Omaha, NE 68131
- For general inquiries, the company can be reached by phone at (402) 346-1400.
The governance structure of Berkshire Hathaway is unique compared to many other public companies, largely due to the leadership style of its chairman and CEO, Warren Buffett. Here are some key aspects of the company’s governance:
- Dual Role of Chairman and CEO: Warren Buffett serves as both the chairman and CEO of Berkshire Hathaway, which is unusual for a public company. This means that he has significant control over the company’s decision-making and strategy.
- Board of Directors: Despite Buffett’s dual role, Berkshire Hathaway does have a board of directors that is responsible for overseeing the company’s operations and holding management accountable. The board consists of several high-profile business leaders, including Microsoft co-founder Bill Gates and former American Express CEO Kenneth Chenault.
- Long-Term Focus: Buffett has long emphasized a long-term investment strategy for Berkshire Hathaway, which is reflected in the company’s governance structure. Rather than focusing on short-term financial metrics, the company prioritizes investments and acquisitions that will generate sustainable growth over many years.
- Decentralized Management: Berkshire Hathaway’s subsidiaries operate with a high degree of autonomy, which allows them to make decisions based on their own unique circumstances rather than adhering to strict corporate policies. This decentralized approach is intended to promote innovation and creativity within the company.
While Berkshire Hathaway’s headquarters are not open to the public for tours, the company does hold its annual shareholder meeting in Omaha each year, which is open to shareholders and non-shareholders alike. The meeting typically takes place on the first Saturday in May and includes a question-and-answer session with Warren Buffett and other company leaders.