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LETTER: Howard Buffett shouldn t be next sheriff
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Greg Abel: el discreto sucesor de Buffett siempre trabaja en equipo | Opinión
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Berkshire Hathaway stock rises after Buffett successor revealed Quartz 3 hrs ago John Detrixhe © Provided by Quartz Berkshire Hathaway s chairman and chief executive officer Warren Buffett and vice chairman Charlie Munger speak at Berkshire s annual meeting, held virtually for a second year, in Los Angeles, California, U.S. May 1, 2021
It’s all but impossible to imagine Berkshire Hathaway without Warren Buffett as its chief. But stock investors appear sanguine about the decision to make Greg Abel the 90-year-old’s eventual successor.
Shares of the $644 billion Omaha-based conglomerate have rallied three-straight days after it emerged during the weekend that Abel, who is in charge of the company’s non-insurance businesses, is in line to eventually take over as CEO. The news slipped out seemingly inadvertently during Berkshire’s annual meeting: 97-year-old vice chairman Charlie Munger said Abel would “keep the culture” even as the corporate be
May 5, 2021
It’s all but impossible to imagine Berkshire Hathaway without Warren Buffett as its chief. But stock investors appear sanguine about the decision to make Greg Abel the 90-year-old’s eventual successor.
Shares of the $644 billion Omaha-based conglomerate have rallied three-straight days after it emerged during the weekend that Abel, who is in charge of the company’s non-insurance businesses, is in line to eventually take over as CEO. The news slipped out seemingly inadvertently during Berkshire’s annual meeting: 97-year-old vice chairman Charlie Munger said Abel would “keep the culture” even as the corporate behemoth, which owns everything from America’s largest railroad to Nebraska Furniture Mart, sprawls larger and becomes more complex. CNBC confirmed the succession plan. Berkshire shares have risen more than 2% since the weekend to $425,895.
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