New Threads Only:  Add to Google Reader or Homepage
New Threads & Replies:  Add to Google Reader or Homepage
Forums are for serious investors only. GuruFocus Forum Rules.

Forum List » Guru News and Commentaries
Guru News, Stock picks and commentaries
New Topic Search
Goto Thread: PreviousNext
Goto: Forum ListMessage ListNew TopicSearchLog In
Buffett States the Obvious - His Successor Is Not a 28-Year-Old
Posted by: Holly LaFon (IP Logged)
Date: June 25, 2013 11:27AM

From the Omaha World Herald:

Sometimes reporters get a bit ahead of the facts.

Last week's item following up on a Wall Street Journal profile of Warren Buffett's financial assistant Tracy Britt stretched toward the question of whether she might, someday, succeed him as CEO of Berkshire Hathaway Inc. Seemed like the logical question to explore, as others have done in print and online.

But not exactly, Buffett said in an email (relayed from his computer-less office through his assistant, Debbie Bosanek).

“I hope these facts put some unwarranted speculation to rest,” Buffett said.

Namely:

>> Britt's office is a ways down the hall, not next to his, as the Journal article said. The office sequence, in footage away from Buffett's corner office, is Bosanek, Todd Combs, Britt and Ted Weschler. Combs and Weschler manage some of Berkshire's investments.

Buffett calls Todd, Tracy and Ted “the T's.” He said Bosanek's office will remain next to his “as long as the two of us are around.”

>> Although Britt applied for a job with Berkshire after college and delivered a basket of corn and tomatoes to the Omaha headquarters, Buffett didn't hire her right away. She worked for Fidelity Investments after college, and Buffett hired her last December to work on a financial transaction. “I decided I needed her and hired her away from Fidelity,” he said. “It was a great decision, as were the decisions to hire Todd and Ted.”

Continue reading here.




Guru Discussed: Warren Buffett: Current Portfolio, Stock Picks
Stocks Discussed: BRK.A, BRK.B,
Rate this post:

Rating: 3.8/5 (5 votes)





Sorry, only registered users may post in this forum.

Please Login if you have an account or Create a Free Account if you don't
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide