Buffett says people shouldn't worry about Berkshire, banks
Billionaire Warren Buffett has assured investors that Berkshire Hathaway will be fine when he's no longer around to lead the conglomerate
By JOSH FUNK
Published - Apr 12, 2023, 01:55 PM ET
Last Updated - Jun 22, 2023, 08:26 AM EDT
OMAHA, Neb. (AP) — Billionaire Warren Buffett assured investors Wednesday that Berkshire Hathaway will be fine when he's no longer around to lead the conglomerate.
Buffett said Berkshire is “so damn lucky” to have Abel ready to take over as CEO. The 92-year-old says he has no plans to retire, but Abel has been designated as the successor ever since Buffett's partner Charlie Munger let it slip at the 2021 annual meeting. Abel already oversees all of Berkshire's non-insurance businesses.
Buffett and Abel appeared together Wednesday on CNBC from Tokyo where they are checking on several companies Berkshire has invested in, and to promote the conglomerate Buffett leads.
