Billionaire Warren Buffett on Saturday gave a clue on who might succeed him to run his Berkshire Hathaway empire, but did not completely reveal his hand. For decades, Buffett and Munger have been the two stars of Berkshire Hathaway, but on Saturday, Jain answered a shareholder question, though he did so from the floor. Some analysts say a Buffett-less Berkshire Hathaway could be a candidate for being broken up into multiple companies. Berkshire Hathaway has holdings in companies such as American Express, JPMorgan Chase and Goldman Sachs, and is active in sectors like insurance (Geico), rail (BNSF) and energy (PacifiCorp). The Berkshire Hathaway shareholder meeting, which draws tens of thousands to the small city of Omaha in the American heartland, has been dubbed "Woodstock for Capitalists."

Source: Mint May 05, 2019 03:22 UTC