OMAHA, Nebraska — Warren Buffett said Saturday his designated successor Greg Abel will have the final say on Berkshire Hathaway’s investing decisions…
"I would leave the capital allocation to Greg and he understands businesses extremely well," Buffett told an arena full of shareholders at Berkshire's annual meeting.at the shareholder meeting. Abel has been overseeing a major portion of Berkshire's sprawling empire, including energy, railroad and retail.
While Buffett has made clear that Abel would be taking over the CEO job, there were still questions about who would control the Berkshire public stock portfolio, where Buffett has garnered a huge following by racking up huge returns through investments in the likes of Coca-Cola and Apple.Berkshire investing managers, Todd Combs and Ted Weschler, both former hedge fund managers, have helped Buffett manage a small portion of the stock portfolio for about the last decade.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Berkshire Hathaway board feels sure Greg Abel is the man to eventually replace Warren BuffettEveryone knows Warren Buffett’s successor won’t be able to match the legendary investor. But Berkshire Hathaway’s board remains confident Greg Abel is the right guy to one day lead the conglomerate into the future.
Read more »
Berkshire Hathaway board feels sure Greg Abel is the man to eventually replace Warren BuffettEveryone knows Warren Buffett’s successor won’t be able to match the legendary investor.
Read more »
Berkshire Hathaway board feels sure Greg Abel is the man to eventually replace Warren BuffettEveryone knows Warren Buffett’s successor won’t be able to match the legendary investor.
Read more »
Unveiling Buffett's top life lessons learned at ten Warren Buffett Berkshire Hathaway meetingsI have attended Warren Buffett's annual meetings in Omaha for ten years and this has been a true masterclass in decision making and life mastery.
Read more »
Follow Warren Buffett's commentary and all the action at Berkshire Hathaway's annual meeting: Live updatesBerkshire Hathaway Chairman and CEO Warren Buffett will preside over the company’s annual meeting.
Read more »
Warren Buffett's PacifiCorp faces $30 billion new wildfire claimsWarren Buffett's PacifiCorp faces $30 billion new wildfire claims
Read more »