{"id":164411,"date":"2023-05-23T11:24:21","date_gmt":"2023-05-23T16:24:21","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/05\/warren-buffetts-hand-picked-successor-will-have-big-shoes-to-fill-in-someday-replacing-the-92-year-old-investing-icon-hes-not-going-to-screw-this-up"},"modified":"2023-05-23T11:24:21","modified_gmt":"2023-05-23T16:24:21","slug":"warren-buffetts-hand-picked-successor-will-have-big-shoes-to-fill-in-someday-replacing-the-92-year-old-investing-icon-hes-not-going-to-screw-this-up","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/05\/warren-buffetts-hand-picked-successor-will-have-big-shoes-to-fill-in-someday-replacing-the-92-year-old-investing-icon-hes-not-going-to-screw-this-up","title":{"rendered":"Warren Buffett\u2019s hand-picked successor will have big shoes to fill in someday replacing the 92-year-old investing icon: \u2018He\u2019s not going to screw this up\u2019"},"content":{"rendered":"

<\/a><\/p>\n

Many investors worry<\/a> about the future of Berkshire Hathaway<\/a> after its legendary CEO Warren Buffett is gone, but most of the conglomerate\u2019s companies have already made the transition to reporting to the man who will eventually replace the 92-year-old.<\/p>\n

Buffett himself and executives at Berkshire Hathaway companies like See\u2019s Candy and Dairy Queen say they don\u2019t have any qualms about Vice Chairman Greg Abel\u2019s ability to lead the conglomerate. Abel already oversees all of Berkshire\u2019s noninsurance businesses. So the main parts of the CEO job he\u2019s not already doing are overseeing the insurance side of the company and deciding how to invest Berkshire\u2019s nearly $131 billion in cash.<\/p>\n

Buffett reassured investors at Saturday\u2019s annual meeting<\/a> that he believes Abel is the right man for the job and that he does know how to allocate capital following the same model Buffett uses even if he\u2019s not making those spending decisions now. Plus, Abel did help oversee a number of large acquisitions at Berkshire\u2019s utility unit that he led from 2008 until 2018, including the purchases of NV Energy in Nevada for $5.6 billion and Canadian power transmission firm Altalink for nearly $3 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Many investors worry about the future of Berkshire Hathaway after its legendary CEO Warren Buffett is gone, but most of the conglomerate\u2019s companies have already made the transition to reporting to the man who will eventually replace the 92-year-old. Buffett himself and executives at Berkshire Hathaway companies like See\u2019s Candy and Dairy Queen say they [\u2026]<\/p>\n","protected":false},"author":556,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,1497],"tags":[],"class_list":["post-164411","post","type-post","status-publish","format-standard","hentry","category-business","category-energy"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/164411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/556"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=164411"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/164411\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=164411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=164411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=164411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}