NFL star Ndamukong Suh joined the board of a public company and Warren Buffett thinks it's great
AP Images
And one prominent investor thinks this is a great move: Warren Buffett.
Ballantyne disclosed on Tuesday that Suh would join the company's board as an independent director. With a market cap of around $63 million, Ballantyne is considered a micro-cap stock.
In Ballantyne's release Buffett - a mentor of Suh's - said, "I once said that I was glad [Suh's] not running against me for a board spot. I meant it. I believe that Ndamukong has a bright future as a businessman and I look forward to hearing about his many successes."
A 2014 report in The Wall Street Journal detailed Suh's relationship with Buffett, which began during Suh's time as a star at the University of Nebraska, about an hour away from Omaha.
In past years Suh has attended the Berkshire Hathaway annual meeting and is in "regular contact" with Buffett, according to The Journal.
In recent years Buffett has attended Suh's professional games - once in Detroit and once in Miami - donning a Suh jersey both times. This year Buffett added shoulder pads.
Before the 2015 season, Suh signed a $114 million contract with the Miami Dolphins, but most of the headlines from his first season with the team were about problems that seemed to emanate from the four-time All Pro. The Dolphins finished the 2015 with a 6-10 record.
NOW WATCH: 4 lottery winners who lost it all
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Move over Bollywood, audio shows are starting to enter the coveted ‘100 Crores Club’
- 10 Powerful foods for lowering bad cholesterol
- Eat Well, live well: 10 Potassium-rich foods to maintain healthy blood pressure
- Bitcoin scam case: ED attaches assets worth over Rs 97 cr of Raj Kundra, Shilpa Shetty
- IREDA's GIFT City branch to give special foreign currency loans for green projects