Hints and tips:
...The 93-year-old investor, known as the “Oracle of Omaha”, and his anointed successor Greg Abel have been watching as billions of dollars of liabilities accumulate at Berkshire’s energy division....
...The company is now transforming itself into a broader wealth manager with a big move into financial advice as well....
...Former chief Dick Kovacevich has said that the single most important job of any board and CEO should be to spend seven years finding and then grooming an internal successor....
...awaiting his successors....
...Warren Buffett said his deals to pump $8bn into Goldman Sachs and General Electric during the financial crisis were “peanuts” compared to the big acquisitions his eventual successor at Berkshire Hathaway...
...The company has stakes in oil ventures from Ecuador to Iraq....
...Weir Group, the pumps and values specialist, climbed 2.7 per cent to 560p as Merrill Lynch upgraded to “buy”....
...Dig in the ribs Choosing his successor’s wife to open proceedings posed a slight embarassment for Bill....
International Edition