Greg Abel tapped as Buffett's successor at Berkshire Hathaway

[Omaha Steve]

Source: Omaha World Herald

By Henry Cordes

For those who closely follow Berkshire Hathaway, Saturday’s shareholders meeting held a clue as to who may one day succeed Warren Buffett as chief executive.

“Greg will keep the culture,” vice chairman Charlie Munger said at one point during the Q&A session, a reference to Berkshire executive Greg Abel.

And now Buffett has confirmed it. Whenever the 90-year-old does step down as CEO, he will be succeeded by Abel.

“The directors are in agreement that if something were to happen to me tonight, it would be Greg who’d take over tomorrow morning,” Buffett told Becky Quick, the CNBC financial journalist who moderated the Q&A on Saturday.



Greg Abel

MATT MILLER/THE WORLD-HERALD

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[underpants]

1. Good for him.

Canadian