Chuck Huggins

Summary

The legendary manager of See's Candy Shops Incorporated who took over upon Berkshire's acquisition in 1972 and generated staggering returns on equity over the subsequent decades.

Timeline & Role

• 1972-1991: During the 20 years from 1972 to 1991, Huggins grew See's Candy pre-tax profits from $4.2M to $42.4M with almost no capital injection. Buffett notes that upon acquisition, he and Charlie shook hands with Chuck on a compensation arrangement formulated in 5 minutes, never reduced it to a written contract, and it remained perfectly intact for twenty years. 1991 Letter