OMAHA, Neb. -- Warren Buffett says his eventual successor as CEO of Berkshire Hathaway (BRK.A) will maintain the company's culture and keep key managers of its subsidiaries happy.
Buffett says the successor Berkshire's board has in mind won't do anything to turn off the managers of the 80-odd companies Berkshire owns.
Many of the managers of Berkshire companies are independently wealthy themselves. They work only because they enjoy it, and Buffett largely lets them operate their companies independently.Buffett says that his successor will be better than he is in many ways. Berkshire Vice Chairman Charlie Munger says that there is so much momentum within the company that it would be hard for Buffett's successor to change the company. > > Bull or Bear? Vote in Our Poll
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV