“The directors are in agreement that if something were to happen to me tonight it would be Greg who’d take over tomorrow morning,” Buffett stated. “If, heaven forbid, anything happened to Greg tonight then it would be Ajit.”
He praised each males, saying, “They’re both wonderful guys.”
Berkshire owns Geico insurance coverage in addition to Dairy Queen, the Burlington Northern Santa Fe Railway Company, Duracell batteries and plenty of different client, monetary, industrial and power corporations.
Buffett turns 91 in August. Given his age, and up to date well being historical past, together with a bout with prostate most cancers identified in 2012, there was a lot hypothesis about who will succeed him.
One benefit that Abel might have had on Jain is that, at age 59, he’s 10 years youthful than his rival.
“The likelihood of someone having a 20-year runway though makes a real difference,” Buffett instructed CNBC.