Berkshire Hathaway Has Successor Lined Up, Buffett Says

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(Free-Press-Release.com) February 25, 2012 -- Berkshire Hathaway Has Successor Lined Up, Buffett Says
Berkshire Hathaway says its fourth-quarter net earnings fell 30 percent as the paper value of it’s acquire contracts fell, but most of its subsidiaries performed well or bring to successful conclusion.
Berkshire Hathaway Has Successor Lined Up, Buffett Says
Berkshire Hathaway says its fourth-quarter net earnings fell 30 percent as the paper value of it’s acquire contracts fell, but most of its subsidiaries performed well or bring to successful conclusion.

Billionaire Warren Buffett a person who has assets worth a billion or more dollars that’s want is a desire or need Berkshire Hathaway shareholders to know that the company has someone in mind to replace him eventually, but he's focus attention on that he has no plans to leave.
Buffett offered a couple new details about Berkshire's succession planning in his annual shareholder letter Saturday. Investors have long worried about who will replace Berkshire's 81-year-old CEO.


Berkshire reported fourth-quarter net income of $3.05 billion, or $1,846 per Class A share. That’s down from $4.4 billion net income, or $2,656 per share, a year ago.
Berkshire’s profit fell short of the $1,875 per share that the four analysts surveyed by FactSet were expecting.

The biggest difference was the change in estimated value of Berkshire’s investments and derivative contracts. That fell to $382 million this year from last year’s $1.4 billion.
Berkshire’s quarterly revenue grew 5 percent to $37.96 billion from last year’s $36.17 billion.


While the world knows about the sensational investing record of Warren Buffett over his legendary career, how are the changes at Berkshire Hathaway performing since being implemented? The succession plan at Berkshire is among the most high-profile in modern American corporate history.

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