Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2012-Morning Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Importance of Being the Chief Risk Officer

This chapter discusses the importance of the CEO of a large financial company also serving as the chief risk officer. The speakers explain how delegating this role can lead to major issues and emphasize the responsibility of understanding potential catastrophic risks. They also mention the risks associated with excessive leverage and insurance, and highlight the need for the CEO to assess and aggregate risks across the company's units.

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