Buffett Says Next CEO to Bolster Berkshire Aura for Crisis Deals

Berkshire Hathaway Inc.’s reputation as a lender of last resort will get stronger under its next chief executive officer because the company will have more capital to deploy in times of crisis, Warren Buffett said.

“Berkshire is the 800 number when there’s really sort of panic in markets,” Buffett, 82, the current CEO, said May 4 at the company’s annual meeting in Omaha, Nebraska, referring to digits used for toll-free telephone calls in the U.S.