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 .
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.
Berkshire Hathaway Inc. ’s Burlington Northern Santa Fe, the railroad Warren Buffett bought this year as an “all-in wager” on the U.S., said the economy is growing as the industry posted its first across-the-board increase in freight volumes since 2004.
The U.S. must broaden its tax base and lower rates, extract more coal, oil and natural gas, and boost government research and development to revive the economy and stay competitive, according to recommendations of President Barack Obama’s jobs council.
Warren Buffett’s Berkshire Hathaway Inc. plans to boost capital spending at its railroad to $3.9 billion this year, an increase of 11 percent from 2011, as the company adds capacity for coal shipments.
The White House Council on Jobs and Competitiveness is planning meetings in Oregon and Texas with local business leaders to discuss ways to increase jobs and deal with shortages in some areas, such as engineering.