health

Berkshire Hathaway event gives good view of Warren Buffett's successor

Font size+Author:World Watch news portalSource:sport2024-05-07 12:30:11I want to comment(0)

This year’s Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man

This year’s Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone, but Buffett said for the first time Saturday that Greg Abel should also take responsibility for the company’s investments after he takes over, raising new questions about the succession plan.

Abel put his encyclopedic knowledge of the utility business that he led directly for years on display and delved into railroad operations and potential acquisitions that Berkshire pursued while sharing the stage with Buffett all day. For his part, the 93-year-old billionaire showed investors he is still sharp.

Abel pointed out that it required a major culture shift to get workers at PacifiCorp and the other utilities, who have long focused all their energy on keeping the lights on, to think about shutting the power down at times when the risk that their power lines could spark wildfires is too great. He also said BNSF railroad is working on getting “our cost structure right” after delivering disappointing results.

Related articles
  • Can I get my private pension at 55 due to this bizarre birth year quirk? STEVE WEBB replies

    Can I get my private pension at 55 due to this bizarre birth year quirk? STEVE WEBB replies

    2024-05-07 11:29

  • Fourth Volume of 'Xi Jinping: The Governance of China' Published in More Languages

    Fourth Volume of 'Xi Jinping: The Governance of China' Published in More Languages

    2024-05-07 11:16

  • Xi Focus: Nation Inspired to Foster Modern Chinese Civilization

    Xi Focus: Nation Inspired to Foster Modern Chinese Civilization

    2024-05-07 10:45

  • More Chinese travelers set foot in Antarctica

    More Chinese travelers set foot in Antarctica

    2024-05-07 10:02

Netizen comments