David Sokol’s sudden resignation has some profound effect on Berkshire’s success plan. Sokol was considered by the outsiders to be the frontrunner to succeed Buffett.
In this morning’s CNBC, David Sokol stated that he actually did not like the job. Instead, he inspires to build a mini-Berkshire Hathaway himself, with his own family’s money.
To the very least, the pool of talent has just shrunk for Buffett to pick his success. WSJ’sLiam Pleven and Leslie Scism discussed the matter in an article entitle “Buffett Successor List Gets Shorter”. According to the article, two likely candidates remain and the third person is really a dark-horse candidates:
Read the full discussion at wsj.com.
Also watch WSJ’s discussion on Sokol's resignation:
In this morning’s CNBC, David Sokol stated that he actually did not like the job. Instead, he inspires to build a mini-Berkshire Hathaway himself, with his own family’s money.
To the very least, the pool of talent has just shrunk for Buffett to pick his success. WSJ’sLiam Pleven and Leslie Scism discussed the matter in an article entitle “Buffett Successor List Gets Shorter”. According to the article, two likely candidates remain and the third person is really a dark-horse candidates:
The remaining list is believed to include Matthew Rose, 51 years old, head of Berkshire's Burlington Northern Santa Fe railroad, and Ajit Jain, 55 years old, who runs Berkshire's reinsurance operations.
Both men have been singled out by Mr. Buffett in recent years for delivering strong results, and both have proven their ability to run profitable operations in which billions of dollars are at stake.
Another top Berkshire executive is Tony Nicely, who has built Berkshire's Geico property-insurance unit into one of the nation's largest car insurers in his 18 years at the helm. But he is considered a dark-horse candidate to succeed Mr. Buffett because he is 67 years old.
Read the full discussion at wsj.com.
Also watch WSJ’s discussion on Sokol's resignation:
