No. of Recommendations: 3
From today’s Kingswell,
In a letter to shareholders appended to the press release announcing this move, Buffett indicated that Greg Abel’s ascension to CEO has worked out so well that it was time to finish the job by ushering in Howard as chairman. “[Greg] has taken hold of the Chief Executive Officer job in every respect,” he wrote. “He has been making the decisions that matter for some time now, and I have not had to think twice about any of them. So the timing is right to complete the transition.”
“Greg runs the company,” he continued, “[and] Howard will guard its culture and values — both worth more than anything on our balance sheet. Think of Howard as a policy the shareholders own and hope never to claim against.”
kingswell.io - The berkshire beat septemberciao
