10 Dec '11, 10am

Warren Buffett tips his farmer son as next Berkshire chairman

Warren Buffett tips his farmer son as next Berkshire chairman

Mega-billionaire Warren Buffett says his son, a corn farmer, would be a good replacement for him as chairman of his US$245 billion investment giant Berkshire Hathaway. -- PHOTO: AFP NEW YORK (AFP) - Mega-billionaire Warren Buffett says his son, a corn farmer, would be a good replacement for him as chairman of his US$245 billion (S$317 billion) investment giant Berkshire Hathaway. Mr Buffett told CBS television that Mr Howard Buffett, 56, would be a good 'guardian of the culture' at Berkshire, the legendary company Mr Warren Buffett founded and leads as chairman and chief executive. Mr Howard Buffett could become non-executive chairman - presiding over the board of directors but not the company itself - after his own retirement or death, the octogenarian tycoon suggested. 'You worry that somebody will be in charge of Berkshire that uses it as their own sandbox in some way; ...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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