http://www.reuters.com/article/newsOne/idUSTRE54127T20090502
Investment behemoth Berkshire Hathaway is looking for a successor. But you may not need to apply, since they have several internal candidates in mind. With $25B in cash, acquistions (outright purchases) of $6.1B in 2008, plus many more billions invested into large companies, they want someone with a lot of experience and the likelihood of great success like Warren Buffett. The board has one clear CEO successor in mind, with 2 backups, plus several external candidates they would likely tap for managing investments. In every case, the candidate has not only an established track record for financial results, but has also proved his committment to Berkshire's principles. "They all wish to work for Berkshire for reasons that go beyond compensation" says the company's annual report.
Keith
Disgusting
16 years ago
Yeah the old man is finally going to get some retirement in, good luck to his successor he is probability the best fundamental analyzer in the business.
ReplyDeleteAgreed. This gig may have more downside than upside. It's hard to top a man who's been considered one of the greatest business people of all time.
ReplyDeleteI think this article shows how a good company really does plan for succession and that planning is especially important when there are such big shoes to fill.
ReplyDelete