Buffett maps out hopes for Berkshire without him
By Jonathan Stempel and Jennifer Ablan OMAHA, Nebraska (Reuters) – Warren Buffett on Saturday gave the most extensive comments to date about the future of Berkshire Hathaway Inc after he is gone, saying he still expects the conglomerate to be a partner of choice for distressed companies. Buffett, 82, also defended his plan to install his son, Howard, who has little investing experience, as nonexecutive chairman, saying the younger man’s role would be to ensure that Berkshire had the right CEO in place. . . .
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