WARREN BUFFETT Quote : Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
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Monday, October 19, 2009

Buffett and Gates Discuss Potential Succession Plan for Berkshire Hathaway

Who will be the next Berkshire Hathaway CEO after Buffett ?

Warren Buffett and members of his inner circle shed some light on what will happen to Berkshire Hathaway when the billionaire investor steps down.
Warren Buffett and board member Bill Gates chatted with Bloomberg about Berkshire and the potential succession plan. The two names that pop up most frequently in the discussion are David Sokol and Byron Trott. Sokol is currently the CEO of one of Berkshire's companies, MidAmerican Energy. Trott, on the other hand, was a longtime banker at Goldman Sachs who has worked with Buffett on numerous deals in the past