Warren Buffett, the leader of Berkshire Hathaway Inc. since the 1960s, said the company’s next chief executive officer will bolster the company’s reputation as a source of stability in times of crisis.
Howard Buffett said following his billionaire father, Warren, as chairman of Berkshire Hathaway Inc. will require upholding practices that have been prized for decades as the company grew to $240 billion in market value.
Warren Buffett , the Berkshire Hathaway Inc. chief executive officer preparing the firm for his eventual departure, praised the company’s roster of CEO candidates as he criticized former manager David Sokol for his stock dealings.
Howard Buffett, a Republican congressman from Nebraska and the future billionaire’s father, once gave back a $2,000 annual pay raise because, he insisted, he had been elected at the lower salary and it would be wrong to take the money. Perhaps that was a forerunner of his famous son, who is publicly advocating higher taxes on the wealthy, including, potentially, on himself.
Carlos Slim, the richest man in the world, arrived at the Happy Hearts Fund gala last night as a mariachi band blasted. In one corner, mole and coffee were served, in another, a 9-week-old puma named Zeus jumped around a mockup of his native habitat.
Howard Buffett, the Berkshire Hathaway Inc. director and son of Chairman Warren Buffett, said Wall Street protesters were provoked by abuses from corporations amid a widening disparity between rich and poor.
Howard Buffett , who may help select his father’s successor at Berkshire Hathaway Inc., said Warren Buffett ’s circle of most trusted managers, like Tony Nicely and Ajit Jain , will expand to include railroad chief Matthew Rose .