Sunday, May 6, 2012

Who Should Replace Warren Buffett as CEO?

Who will replace Warren Buffett in Berkshire Hathaway Inc? That's the question that many are asking as the Wizard of Omaha is poised to leave his position after disclosing that he has been diagnosed with prostate cancer last month.

Buffett, however, assures the shareholders that he will make sure that the company will be in good hands once he steps down. Buffett, 81, has been the chief executive of Berkshire Hathaway for decades and his investment decisions has made him one of the richest man in the world today.

Among those in the rumor mill to become Berkshire's future chief are Ajit Jain, Buffett's top insurance lieutenant; Matthew Rose, who runs the Burlington Northern Santa Fe railroad company; and Greg Abel, who oversees the utility company MidAmerican Energy.

"We're not going to have an arts major in charge of Berkshire," he humorously said in an interview. In any case, we wish Warren Buffett good health and his company, Berkshire several more generations of growth.