Having been in the business field and to the investment sector for decades now the wealthiest tycoon in the whole globe a time has come for him to name his successor who would ensure that he protects and manages his investment in a correct manner.
Currently, Warren Buffett is doing all that he can to ensure that he does pick up a right person who will succeed him in all aspect. According to him, he is for now summarizing the last part of the report so that he can be able to name him when the due time comes.
In his recent appointment, he made at the Berkshire Hathaway company by picking up two guys namely Ajit Jain and also Gregory Abel to the position of vice chair. It was a bright proof that among this two people one of them will be lucky enough to be his successor.
By doing this won’t mean that Warren Buffett will have no role in the company instead he will be a very crucial partner in matters involving critical decision making at the firm. When he made this news, it wasn’t a surprise to many as many are used with this kind of story coming from him over a reasonable period.
When the company was holding their meeting, he indicated that the quality he is looking from those who wish to succeed him that they must not just be there for money only but a better reason than this. The other critical issue discussed during the meeting was something to do with the company employing a compensation consultant. The primary objective of doing this is getting a right person who would ensure that he gives out the best advice on how to pay their employees. The main thing driving them as they search for company CEO is a person driven by passion.