WARREN BUFFETT Quote : Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
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Monday, August 16, 2010

Warren Buffett about Berkshire Hathaway succession plan

Regarding the next CEO of Berkshire, Buffett said his successor would come from within the company. The Wall Street Journal has reported that David Sokol, the chairman of Berkshire unit MidAmerican Energy Holdings, is a frontrunner.

"We have multiple candidates that would all be good at the CEO job, but if something happened to me tonight, I know and the board knows who they would pick," he said. "We spend the majority of our time in directors meetings talking about succession."
via Chicago Tribune

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