Gates joins board of Buffett's Berkshire Hathaway

C|Net | at | by Mike

Microsoft Chairman Bill Gates was elected Tuesday to serve on the board of directors of prominent investment company Berkshire Hathaway. In doing so, Gates will serve as an advisor to longtime friend and Berkshire Hathaway CEO Warren Buffett. In a statement, Gates said he hoped his years of experience at Microsoft would prove to be of value to Berkshire's shareholders.

"I am delighted and honored to have been asked to serve on the board of this very successful company," Gates said. Gates also serves on the board of Bothell, Wash.-based biotech company Icos.