How Buffett buoys Berkshire Hathaway

By Staff | January 11, 2018 | Last updated on January 11, 2018
1 min read

The Oracle of Omaha is proactive when it comes to his succession plan.

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Warren Buffett has appointed two new vice-chairs to Berkshire Hathaway—a move that’s part of his ongoing succession plan; not related to his health, he told CNBC on Jan. 10. The new vice-chairs are Gregory Abel and Ajit Jain.

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If his health were an issue, Buffett said he’d tell the board and Berkshire shareholders “immediately,” CNBC reports.

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Buffett added that the Berkshire board knows who would take over if something were to happen to him.

Read the full CNBC report.

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The staff of have been covering news for financial advisors since 1998.