Alice Schroeder talks with Bloomberg's Pimm Fox about Berkshire Hathaway Inc.'s purchase of Burlington Northern Santa Fe Corp.
Schroeder calls the deal "survival spat". According to her, the deal is not a bet on growth rather a bet on the business will be around for 100 years; it is not spectacular in terms valuation.
Schroeder speculates that the deal is to sock up the capital so the next guy will not be able to do a grand deal like this.
She also pointed out who will most likely become the next CEO of Berkshire Hathaway.
Schroeder calls the deal "survival spat". According to her, the deal is not a bet on growth rather a bet on the business will be around for 100 years; it is not spectacular in terms valuation.
Schroeder speculates that the deal is to sock up the capital so the next guy will not be able to do a grand deal like this.
She also pointed out who will most likely become the next CEO of Berkshire Hathaway.
