Warren Buffett confirms Greg Abel as Berkshire Hathaway successor

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By Vivian in Business
Updated 3 years ago

May 3 (UPI) — Berkshire Hathaway CEO Warren Buffett on Monday said that Vice Chairman Gregory Abel is slated to succeed him as head of the company. Buffett confirmed the plans to CNBC after Berkshire Vice Chairman Charlie Munger said that Abel "will keep the culture" in response to a question Saturday during Berkshire's annual meeting about whether the holding company would become too complex to manage.

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