Malcolm G. Chace, Jr.

Summary

A key early partner in Berkshire Hathaway whose family was instrumental in Warren Buffett gaining control of the company.

Timeline & Role

• 1931: Went to work for Berkshire Fine Spinning Associates.
• 1965: As Chairman, he facilitated Buffett Partnership Ltd. buying a key block of Berkshire stock from some of his relatives, which gave the partnership control of the company.
• 1991: Retires as a director of Berkshire Hathaway after an incredibly long business relationship, replaced on the board by his son, Malcolm III (Kim). The Chace family continued to hold the second-largest grouping of Berkshire stock after the Buffett family. 1991 Letter