Warren Buffett

SAFT ON WEALTH-Buffett champions conglomerates, don't believe him

March 4 - Warren Buffett telling the rest of us about the advantages of conglomerates is like Willie Mays arguing for the no-look-over-the-shoulder catch while running full speed. (https://www.youtube.com/watch?v=1vrsg_-dV7Q)

UPDATE 1-Buffett questions putting activist on GM board

DETROIT, March 2 - Berkshire Hathaway Chief Executive Warren Buffett, one of the largest shareholders in General Motors Co, said on Monday he would be wary of putting former U.S. autos task force member Harry Wilson or anyone else on the company's board if the focus was on the short-term performance of the automaker.

Berkshire's Buffett opposes putting Wilson on GM board

DETROIT, March 2 - Warren Buffett, Berkshire Hathaway's billionaire chief executive and one of the largest shareholders in General Motors Co, told CNBC on Monday he disagrees with putting former U.S. auto task force member Harry Wilson on the automaker's board.

Buffett says "no jockeying" between Jain, Abel for top post - CNBC

NEW YORK - Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway, told CNBC on Monday that Berkshire executives Ajit Jain and Greg Abel were not angling for the top Berkshire job.

02 Mar 2015

UPDATE 4-Buffett says "no jockeying" between Jain, Abel for top post-CNBC

NEW YORK, March 2 - Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway, told CNBC on Monday that Berkshire executives Ajit Jain and Greg Abel were not angling for the top Berkshire job.

02 Mar 2015

Berkshire insurance 'superstar' could fill Buffett's shoes

NEW YORK, March 1 - Warren Buffett, at a news conference in Bengaluru in 2011, lavishly praised Berkshire Hathaway executive Ajit Jain for smoothly running much of the conglomerate's insurance businesses.

02 Mar 2015

Buffett looks to succession, signals future growth problem

NEW YORK - In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America.

01 Mar 2015

UPDATE 3-Warren Buffett says Berkshire has 'right person' as heir

* Vice Chairman Munger praises Berkshire execs Abel, Jain (Adds investor comment on letter, BNSF details and CEO prerequisites from letter)

01 Mar 2015

Buffett says 'sprawl' is good, but may not be good enough

NEW YORK - Warren Buffett wants to buy more businesses to add to Berkshire Hathaway Inc's "sprawl," but cautioned it may not keep the company he has run for 50 years from evolving into something rarely used to describe it up until now: average.

28 Feb 2015

UPDATE 1-Buffett says 'sprawl' is good, but may not be good enough

NEW YORK, Feb 28 - Warren Buffett wants to buy more businesses to add to Berkshire Hathaway Inc's "sprawl," but cautioned it may not keep the company he has run for 50 years from evolving into something rarely used to describe it up until now: average.

28 Feb 2015