David Sokol has been the primary guy in the running, and Warren Buffett's top pick, to replace the Oracle of Omaha as the CEO of Berkshire Hathaway. Well David is no longer available for the position.
Just ask him.
David Sokol recently withdrew himself and resigned from the expected job and responsibility of running what is perhaps the most successful holdings company ever to invest.
He has allegedly stepped down after information about some personal trades of a company he purchased stock in which has recently been bought by Berkshire Hathaway.
Buffett has said that the decision does not come as a derivative of that trade nor the surfacing of that news.
I my self have to wonder a bit as the media is hitting this thing pretty hard. But I have enough confidence in Buffett to take his word... for the most part.
So now the real question is this...
Who will hop in the driver seat now that David Sokol is out?
It is a big question that needs answering. Warren who is still in relatively good health is 80 years old. He is not senile yet and still seems to navigate his way around a prospectus and balance sheet pretty well but hey... he is old.
They say there are four internal potential candidates that are already being considered.
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Showing posts with label Berkshire Hathaway. Show all posts
Showing posts with label Berkshire Hathaway. Show all posts
Thursday, March 31, 2011
Tuesday, October 26, 2010
Buffet Takes a Big Step in Passing the Tourch - Todd Combs... Who?
Warren Buffet is in my opinion the best investor and most talented business man that was born in the last 100 or so years.
Today as I read the Wall Street Journal I learned that Warren Buffet named Todd Combs as a Successor of Berkshire Hathaway.
Who is Todd Combs
He is a finance guy that runs a hedge fund in Connecticut. This hedge fund by comparative measures is a microscopic 400 million dollar fund. He will now be crossing over into big money, billions and billions.
Well that 400 million dollar responsibility is about to turn into a 100 billion dollar responsibility. Buffet plans on putting him in charge of about 100 billion in assets.
From the best I can tell Buffet is going to take his time with Mr.Combs but a 100 billion is a 100 billion.
congratulations to Todd Combs and may his time with Berkshire Hathaway bee all that Buffet wants it to be.
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Today as I read the Wall Street Journal I learned that Warren Buffet named Todd Combs as a Successor of Berkshire Hathaway.
Who is Todd Combs
He is a finance guy that runs a hedge fund in Connecticut. This hedge fund by comparative measures is a microscopic 400 million dollar fund. He will now be crossing over into big money, billions and billions.
Well that 400 million dollar responsibility is about to turn into a 100 billion dollar responsibility. Buffet plans on putting him in charge of about 100 billion in assets.
From the best I can tell Buffet is going to take his time with Mr.Combs but a 100 billion is a 100 billion.
congratulations to Todd Combs and may his time with Berkshire Hathaway bee all that Buffet wants it to be.
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Warren Says Recession Not Over
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