Warren Buffett’s chosen successor learns to relish Berkshire spotlight
In a 45-minute video that Warren Buffett showed thousands of Berkshire Hathaway shareholders this weekend, one investor recounted his worst nightmare: a headline reading “Buffett Kicks Bucket”.
Concern over how long the 92-year-old will be at Berkshire’s helm have stalked its investors for years. But at this year’s annual meeting in Omaha, they got their best view yet of the man whom Buffett regards as the answer to the succession question: Greg Abel, the 60-year-old vice-chair of the company’s businesses outside insurance.
“Warren grew up with all the businesses,” Abel told CNBC last month. “I had to learn the businesses and their industries, which means there’s going to be an active dialogue with the managers. And that helps immediately.”
This story originally appeared on: Financial Times - Author:Eric Platt
