Munger: Comfortable About Succession, Durability Of Culture At Berkshire -CNBC
May 04 2012 - 2:35PM
Dow Jones News
Calling Warren Buffett's recent cancer diagnosis a "total
nonevent," Berkshire Hathaway (BRKA, BRKB) vice chairman Charlie
Munger told CNBC in an interview Friday that he has "never been
more comfortable" about succession plans and the durability of the
culture at the company.
Munger also said he is "perfectly OK" with Buffett's investment
in International Business Machines (IBM) even though he didn't know
about the investment right away.
"It's a very Buffett-style play," Munger said. "It's simple.
They announced what they were going to do and why they thought it
was going to work. You could see how entrenched IBM was in many
places."
Website: www.cnbc.com
-Dow Jones Newswires; 212-416-2900
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