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Succession planning

Succession planning

Warren Buffett on succession planning

December 6, 2014

Berkshire Hathaway’s highlights on the company’s 2011 progress is headed by the item on succession planning. In his letter dated 25 February 2012 for FY2011, Warren Buffett said: “The primary job of a Board of Directors is to see that the right people are running the business and to be sure that the next generation…

How Warren Buffett handles management succession

December 5, 2014

Warren Buffett is a great believer in succession planning. In his chairman’s letter (28 February 2006) to Berkshire Hathaway shareholders for Year 2005, he said: “As owners, you are naturally concerned about whether I will insist on continuing as CEO after I begin to fade and, if so, how the board will handle that problem….