Skip to main content

Buffett Offers Hint at Next Berkshire Hathaway Leader

Phil Hall
Jan 10, 2018
Web.com Group Inc. has announced its selection by Berkshire Hathaway HomeServices as a preferred supplier of marketing and advertising services for its network of nearly 44,000 agents

Warren Buffett has named two Vice Chairmen for the Board of Directors at Berkshire Hathaway, which could provide a clue for the next person to run his corporation.
 
The 87-year-old Buffett named Gregory Abel as Vice Chairman of the company’s noninsurance businesses; he is also Chairman and CEO of Berkshire Hathaway Energy Co. Also being tapped was Ajit Jain, who was named Vice Chairman of the Insurance Operations. Jain is the Executive Vice President of National Indemnity Co.
 
Buffett told CNBC that these appointments were "part of a movement to succession over time," adding that the appointments should not be seen as a sign of his stepping down from the company’s leadership. Abel is 55 and Jain is 66, and Buffett stressed their relative youth—at least, in comparison to his age—as positive attributes for leadership.
 
“Our directors believe that our future CEOs should come from internal candidates whom the Berkshire board has grown to know well,” he said. “Our directors also believe that an incoming CEO should be relatively young, so that he or she can have a long run in the job. Berkshire will operate best if its CEOs average well over 10 years at the helm.”

 
Published
Jan 10, 2018
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021
Interfirst Mortgage Launches ONE, Backed By Non-Owner Occupied Properties

ONE is a unique product built on a single interest rate with no adjustments and qualifies off the cash flow of the rental property.

Industry News
Jul 16, 2021
Global Digital Lending Market Projected To Reach $27B By 2028

The Global Digital Lending Platform Market was valued at $7.14 billion in 2020 and is projected to reach $27.07 billion by 2028.

Analysis and Data
Jul 14, 2021