ecus Missing U.S. military helicopter found in Southern California; search continues for 5 Marines who were on board
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Warren Buffett said that Greg Abel, a top lieutenant of his for many years and an energy executive, will succeed him as the next CEO of Berkshire Hathaway, the insurance conglomerate that Buffett has run for more than half a century.Buffett confirmed the succession plan Monday to CNBC after Berksh [url=https://www.stanley-cup.fr]stanley cup[/url] ire Vice Chairman Charlie Munger let it slip during the company s annual meeting on Saturday. Buffett did not immediately respond to a request for comment from CBS MoneyWatch.There is no current tim [url=https://www.stanley-cups.pl]stanley cup[/url] eline for the succession. And the 90-year-old Buffett has [url=https://www.stanley-cups.co.uk]stanley cup[/url] said he has no plans to retire. Buffett told CNBC that if anything happened to him, Abel, who currently oversees all of Berkshire s non-insurance companies, would be the one to take the top post. Buffett said that if for some reason Abel couldn t do the job, then Vice Chairman Ajit Jain, who oversees Geico and all of Berkshire s other insurance units, would become CEO.During an exchange at the annual meeting about the importance of protecting Berkshire s culture in the future, Buffett said Berkshire s extremely decentralized operating model won t work unless the company has the right culture. Munger responded: But we do, and Greg will keep the culture. Sunday Profile: Warren Buffett 09:54 Buffett has built B Xugs Elizabeth Warren spars with JPMorgan Chase head Jamie Dimon on overdraft fees
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