Warren Buffett's Successor Will Be A Man, Buffett Says

Warren Buffett, chairman and CEO of Berkshire Hathaway, right, and his vice chairman Charlie Munger appear during an interview with Liz Claman of the Fox Business Network in Omaha, Neb., Monday, May 7, 2012.

OMAHA, Neb. -- Warren Buffett is keeping secret the identity of the person likely to succeed him as CEO of Berkshire Hathaway but he is narrowing the field – he says the top choice and two backups are men.

Buffett is getting questions about his successor because he is 81 years old and was recently diagnosed with prostate cancer although the disease is not expected to threaten his health.

Buffett has said Berkshire's board has chosen his successor, but doesn't want to name him because the choice could change.

Buffett said during an interview with Fox Business on Monday that he's not making any effort to teach his successor how to run Berkshire. He says none of his potential successors need to be treated like apprentices.

He expects his successor will maintain the company culture.

Comments

[zg1968]

04:11 PM on 05/08/2012

And I bet the choice for the guy's assistant will be a woman.....

Women have made a lot of progress in the workplace, yet still have so far to go.

[wwhatever747]

06:26 PM on 05/07/2012

Wow his face all over online, I like that. He calms my nerves.

[AtlantaBluebelle]

02:25 PM on 05/07/2012

It says a lot and reflects poorly on Buffett that in the 21st century not one of the people deemed "eligible" to succeed him is female. I wonder if they're all white, too.

[brownlaw08]

02:48 PM on 05/07/2012

I am certian that his assertion reflects what is already in place, irrespective of a typical hiring process. If there are only two men that are capable and in line to take over, then it's clear what the gender will be. I think your comment was presumptious....

[RLaitres]

02:54 PM on 05/07/2012

Buffet, I am quite certain, is mature enough to understand that the future of the company depends on his picking the one who he deems "best qualified" to replace him, and without regard to the sex of the individual. He is a much too practical and pragmatic an individual to do otherwise.

[MeetJohnDoe]

05:39 AM on 05/08/2012

Oh?