Berkshire director says board may not give Buffett successor Abel the same leeway [Yahoo! Finance]
Berkshire Hathaway Inc. New (BRK.B)
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Source: Yahoo! Finance
succeed Warren Buffett as chief executive, may not get the same leeway from the conglomerate's board of directors to make acquisitions. Ronald Olson, a Berkshire director since 1997, said at an investing conference on Thursday that the board would not "handcuff" Abel from making acquisitions, in his expected role in allocating Berkshire's capital. But he also said Abel's recent handling of difficult litigation against the billionaire Haslam family over the acquisition of truck stop chain Pilot Travel Centers cemented confidence in his leadership. It was the first time Olson, a lawyer, said he worked closely with Abel. "There [are] going to be changes in terms of the confidence level that we had in Warren," Olson said when asked if Abel would have the same latitude as Buffett to spend cash as he saw fit. "I don't know how changes will evolve when somebody replaces Warren. Let's not get too anxious about it. He's going to be around for a while. But once that happens, there may wel
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BRK.B
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BRK.B
Earnings
- 5/4/24 - Beat
BRK.B
Sec Filings
- 5/15/24 - Form 13F-HR/A
- 5/15/24 - Form 13F-HR/A
- 5/15/24 - Form 13F-HR
- BRK.B's page on the SEC website