Buffett says that longtime executives Greg Abel and Ajit Jain could one day join him and Vice Chairman Charlie Munger on stage and answer questions from shareholders.
shareholders another hint about who his successor will be, but once again refused to tip his hand too much, frustrating some in the audience at the company's annual meeting who repeatedly asked him for more information on the matter.
Abel and Jain were promoted last year, with Abel running Berkshire's noninsurance businesses while Jain handles all insurance-related operations. These promotions made them the clear-cut favorites to succeed Buffett once he departs from his post. Still, Buffett shied away from hinting at exactly who is the frontrunner and when they would take over. Instead, he said of Abel and Jain: "You could not have two better operating managers than Greg and Ajit. It's just fantastic what they've accomplished."
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