Buffett agrees upon successor
Source: Agencies |
May 5, 2013, Sunday
|
Print Edition
Print Edition
Warren Buffett and the board of his conglomerate Berkshire Hathaway Inc are "solidly in agreement" on who should be the company's next chief executive, he said at Berkshire's annual shareholder meeting yesterday.
But 82-year-old Buffett, as with past practice, did not actually name his successor as CEO. Speculation usually focuses on a small group of top Berkshire executives, among them insurance boss Ajit Jain and railroad leader Matt Rose.
Whoever takes over Berkshire will run a conglomerate that employs more than 250,000 people in dozens of businesses worldwide - covering everything from ice cream to insurance and retail to railroads.
Berkshire's breadth means that its performance is often seen as a barometer for the broader economy.
But 82-year-old Buffett, as with past practice, did not actually name his successor as CEO. Speculation usually focuses on a small group of top Berkshire executives, among them insurance boss Ajit Jain and railroad leader Matt Rose.
Whoever takes over Berkshire will run a conglomerate that employs more than 250,000 people in dozens of businesses worldwide - covering everything from ice cream to insurance and retail to railroads.
Berkshire's breadth means that its performance is often seen as a barometer for the broader economy.
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