Warren Buffett's company chooses mystery successor
Associated Press
Indianapolis Star
____________
Omaha, Nebraska(US):
Billionaire investor Warren Buffett assured stockholders in his annual letter Saturday that he knew who would replace him as chairman of Berkshire Hathaway if "I should die tonight." Buffet announced the board had unanimously agreed on a successor.
He's just not saying who it is.Buffett built a 1956 partnership of four relatives and three close friends into a holding company with total assets of $198.3 billion at the end of 2005. Berkshire owns furniture, carpet, jewelry and candy companies, and natural gas and corporate jet firms and has major investments in such companies as Coca-Cola, Anheuser-Busch and Wells Fargo & Co.
The question of Buffett's successor has long been a topic of speculation, but Buffett has never dropped any names.
Mar 05, 2006
Associated Press
Indianapolis Star
____________
Omaha, Nebraska(US):
Billionaire investor Warren Buffett assured stockholders in his annual letter Saturday that he knew who would replace him as chairman of Berkshire Hathaway if "I should die tonight." Buffet announced the board had unanimously agreed on a successor.
He's just not saying who it is.Buffett built a 1956 partnership of four relatives and three close friends into a holding company with total assets of $198.3 billion at the end of 2005. Berkshire owns furniture, carpet, jewelry and candy companies, and natural gas and corporate jet firms and has major investments in such companies as Coca-Cola, Anheuser-Busch and Wells Fargo & Co.
The question of Buffett's successor has long been a topic of speculation, but Buffett has never dropped any names.
Mar 05, 2006
