Mr. Abel “will get a bit more engaged in some of the details that Warren just didn’t have time for,” said Eric Schnur, CEO of Berkshire chemical company Lubrizol, which Mr. Abel visited last month. Mr. Buffett and Berkshire Vice Chairman Charles Munger joined the CEOs for a discussion on Thursday. “The culture is going to last a long time.”Brooks Running in Seattle expects Mr. Abel to visit its offices later this year, said CEO Jim Weber. Mr. Buffett still handles almost $200 billion in stock and bond investments and large capital expenses including big acquisitions. Either Mr. Combs or Mr. Weschler was also the first to buy Apple Inc. for Berkshire’s portfolio.

Source: Wall Street Journal May 07, 2018 09:01 UTC