OMAHA, Neb. (AP) - Several Berkshire Hathaway shareholders are
concerned about the future of billionaire Warren Buffett's company once he is
gone.
Buffett, 77, tried to reassure them at Berkshire's annual meeting Saturday
in Omaha, but offered few new details about the company's plan to replace him.
Berkshire plans to split his job into three parts -- chief investment
officer, chief executive officer and chairman. Buffett says the board has a list
of three internal CEO candidates and four external investment officer
candidates.
Berkshire's vice chairman Charlie Munger is encouraging shareholders not to
be eager to replace Buffett.
The 84-year-old Munger says Buffett is a rising young man who has yet to
reach his full potential.
Copyright 2008 Associated Press. All rights reserved. This material may not be
published, broadcast, rewritten, or redistributed.
|