Berkshire Hathaway Inc. And Warren Buffett

Berkshire Hathaway Inc. has posted a forth quarter profit, level with last years profit even though the company showed profit increases almost across the board. Earnings were down because of record payouts after a very bad hurricane season which left a lot of people needing to make insurance claims, even so Berkshire still made a profit of 1.84 billion before it's investment profits.
On to something a bit more interesting, Warren Buffett the famous investor and chief executive officer of Berkshire Hathaway has annouced that a successor to his throne has been chosen . a board chose from three "reasonably young" managers from the company. Buffett didn't disclose when he will retire or who the candidates for replacing him were but possible candidates include "David Sokol, 49, CEO of Berkshire's MidAmerican Energy Holdings Co.; Joseph Brandon, 47, CEO of reinsurer General Re Corp.; Ajit Jain, 54, head of Berkshire's remaining reinsurance business; Tony Nicely, 62, CEO of the company's Geico Corp. car insurance unit; and Richard Santulli, 61, who runs NetJets Inc".
Berkshire Says Earnings Little Changed After Storms (Update5)
"March 4 (Bloomberg) -- Berkshire Hathaway Inc., the insurance and investment company run by billionaire Warren Buffett, said fourth-quarter earnings were little changed because of claims from a record hurricane season. Buffett, 75, also said his board has selected someone to eventually replace him as chief executive officer of the Omaha, Nebraska-based insurance and investment company". Bloomberg
# Business Leaders