Berkshire Hathaway CEO Warren Buffett says he expects his eventual successor to do some things differently, but the conglomerate he built will be in good hands.
The 80-year-old Buffett still refuses to name the internal chief executive candidates Berkshire's board will chose from after his death. But Buffett talked a bit during this weekend's annual shareholder events about the qualities he believes his successor will have.
He says his successor will be an ethical leader who can act like an interested shareholder for Berkshire's roughly 80 different subsidiaries.
But Buffett says Berkshire's next CEO might well change the way Berkshire's managers report to headquarters.
Currently, Buffett reviews figures for Berkshire's business but doesn't require regular reports. He jokes that he hasn't heard from some managers in more than a year.
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