Berkshire Reduces Clarity on Succession Candidates
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Berkshire Hathaway Inc. eliminated language from its annual filing to securities regulators specifying how many candidates the board has to eventually replace 83-year-old Chief Executive Officer Warren Buffett.
“Berkshire’s board of directors has identified certain current Berkshire subsidiary managers who, in their judgment, are capable of succeeding Mr. Buffett,” the Omaha, Nebraska-based company said today in the filing with the U.S. Securities and Exchange Commission.