|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
Buffett States the Obvious - His Successor Is Not a 28-Year-Old
Posted by: Holly LaFon (IP Logged)
Date: June 25, 2013 04:27PM
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.
>> 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,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.