Warren Buffett Successor

August 16, 2011 by USA Post 

Warren Buffett SuccessorWarren Buffett Successor, U.S. billionaire Warren Buffett has indicated that a successor at the head of his firm Berkshire Hathaway has been “agreed” and could intervene as soon as the investment guru retires or dies.

“There are several people, but there is one person that we’ve all agreed,” Buffett, speaking to raise their holding company directors, said Monday in the PBS program on the network “Charlie Rose”, according to a transcribed.

Without naming names, the founder and chairman of Berkshire known as the Oracle of Omaha said, “if I die tonight, tomorrow morning will not take the advice of an hour I announced my successor.”

Last October Buffett hinted that newly appointed Berkshire Hathaway, chief investment officer Todd Combs could one day head investment for large companies.

The Cards 40-year-old had been little known in the world of U.S. business, having spent the past five consecutive years Castle Point Capital Management.

Questions about the successor to the octogenarian also swirled in March, when chief executive David Sokol Berkshire, who had been tipped by some to replace Buffett in front of the house investment and $ 372 million, resigned after a scandal over purchase shares.

In the interview, Mr. Buffett also said he was “100 percent” opposed the decision to rating agency Standard & Poor’s earlier this month to ding the U.S. credit rating of AAA law for the first time, a movement sent to markets in panic, but stabilized in the days after the rebate.

Buffett also said on PBS of “statement very, very hard” by the U.S. Federal Reserve last week when he promised to keep interest rates near zero for two years to cope with an economy that faces a higher risk of stagnating.

“They’re really saying that the economy will not be good until then,” said Buffett. “There is a possibility that they are wrong.”

Buffett had previously pricked the ears of investors, politicians andanlysts to write an opinion piece in the New York Times Monday urging lawmakers to raise taxes on the wealthiest Americans, including the mega-rich like him, to reduce the huge country’s budget deficit, saying the measure would slow investment or jobs.

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