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Sunday, December 11, 2011

Warren Buffett Wants Farmer Son At Berkshire Helm, In A Way - Forbes

Warren Buffett Wants Farmer Son At Berkshire Helm, In A Way - Forbes: "In an interview with 60 Minutes that will air this Sunday, Warren Buffett announces his choice of son Howard – or “Howie”, as he’s known in the family – as his successor at Berkshire Hathaway.

The elder Buffett tells interviewer Leslie Stahl that his son will serve as a “guardian” of the company’s “values” rather than a CEO, as long as the company’s board approves. When America’s second richest person Buffett Sr. dies, 56-year-old Howard will be “non-executive chairman”, an unpaid position."

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