Saturday, 20 January, 2018

Buffett Offers Hint at Next Berkshire Hathaway Leader

Ajit Jain is executive vice president of National Indemnity Company Warren Buffett's Berkshire Hathaway expands its board
Terence Owen | 11 January, 2018, 03:15

Berkshire Hathway expanded its board of directors to 14 members from 12. Also being tapped was Ajit Jain, who was named Vice Chairman of the Insurance Operations.

In an interview with CNBC's Becky Quick Wednesday, Buffett said that for the most part this cryptocurrency run will "come to a bad ending", although when and how this happens remains unclear.

Warren Buffett's succession plan is coming into focus.

"They know each other well, they like each other well, they both have their areas of specialty", he said.

Three in Five First-Time Smokers Become Daily Smokers, Says Study
Data were analysed to calculate the conversion rate from ever trying a cigarette to ever smoking daily. In 2010 nearly 20% of people smoke in the United Kingdom , and in 2017 that number shrunk to 19.3%.

For years, Buffett has said Berkshire had identified several internal CEO candidates who could replace him. Speculation had centered on Abel and Jain as possibilities.

Berkshire Hathaway CEO Warren Buffett talks to reporters prior to the Berkshire annual meeting in Omaha, Nebraska, U.S. on May 2, 2015. Jain joined the Berkshire Hathaway Insurance Group in 1986 and now serves as executive vice president of National Indemnity Company with overall responsibility for leading Berkshire's reinsurance operations. Jain joined the Berkshire Hathaway Insurance Group in 1986 and now serves as Executive Vice President of National Indemnity Company with overall responsibility for leading Berkshire's reinsurance operations. Jain is the Executive Vice President of National Indemnity Co. The move is seen as positioning either Abel or Jain to eventually take over running the firm.

Berkshire owns more than 90 different companies in a variety of industries, including electric utilities, retail jewelers, insurance and BNSF railroad.

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