Buffett Reaffirms Abel as Heir, Blames Bank Leaders for Failures

Berkshire CEO says executives must be accountable for failures
Conglomerate’s annual general meeting draws thousands to Omaha

WATCH: Warren Buffett expects earnings at the majority of Berkshire Hathaway Inc.’s operations to s fall as economic activity may slow down. Su Keenan reports.Source: Bloomberg

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By Max Reyes

May 6, 2023 at 9:28 PM UTC

This article is for subscribers only.

Warren Buffett faced question after question about one thing in particular at Berkshire Hathaway Inc’s annual meeting on Saturday: His successor.

Buffett named Greg Abel as heir apparent in 2021, and the vice chair for non-insurance operations has had a more pronounced presence ever since. On Saturday, Buffett reaffirmed he was “100% comfortable” with the decision and even indicated a largely business-as-usual transition, for whenever that could be.