Tags: buffett | succession | jain | abel

Buffett Nods to Succession by Giving Jain, Abel a Bigger Voice

Buffett Nods to Succession by Giving Jain, Abel a Bigger Voice
(Dreamstime.com)
 

Saturday, 22 February 2020 11:10 AM EST

Warren Buffett has no plans yet to step away from his Berkshire Hathaway Inc., but he does plan to give two top lieutenants a greater voice.

At Berkshire’s annual meeting in May, shareholders will be able to submit questions to be answered by Ajit Jain or Greg Abel, Berkshire vice chairmen who are considered contenders to someday replace Buffett. While last year’s meeting was still dominated by Buffett, Berkshire’s chief executive officer and chairman, and his longtime business partner, Charlie Munger, a few questions were answered by Jain and Abel.

“They are outstanding individuals, both as managers and as human beings, and you should hear more from them,” Buffett, 89, said in his annual letter to shareholders, released Saturday.

Buffett spent a portion of his annual letter reassuring shareholders about the future of the company once it’s no longer run by the billionaire investor and Munger, who turned 96 this year. Buffett’s confidence, he said, stems from Berkshire’s top managers, the directors who will serve as “guardians” of the culture and the structure of his sprawling conglomerate.

“Berkshire shareholders need not worry: Your company is 100% prepared for our departure,” Buffett said.

© Copyright 2026 Bloomberg News. All rights reserved.


Companies
Warren Buffett has no plans yet to step away from his Berkshire Hathaway Inc., but he does plan to give two top lieutenants a greater voice.
buffett, succession, jain, abel
192
2020-10-22
Saturday, 22 February 2020 11:10 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved