Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / News/  Who’s Warren Buffett’s successor? JPMorgan thinks it’s Greg Abel
BackBack

Who’s Warren Buffett’s successor? JPMorgan thinks it’s Greg Abel

The most likely successor, who Warren Buffett regularly praises, is Greg Abel, says JPMorgan

A file photo of Berkshire Hathaway CEO Warren Buffett. Photo: ReutersPremium
A file photo of Berkshire Hathaway CEO Warren Buffett. Photo: Reuters

Seattle: Who will succeed Warren Buffett as chief executive officer of Berkshire Hathaway Inc.? It’s one of the most guarded secrets in the business world. That didn’t stop JPMorgan Chase & Co.’s new Berkshire analyst from placing odds on one man.

“The most likely successor in our view, who Warren Buffett regularly praises, is Greg Abel," JPMorgan’s Sarah DeWitt said in a note released Thursday, initiating coverage of the company.

Don’t count Buffett out yet, though. The billionaire investor, who turned 87 last month, “shows no signs of slowing and could possibly be at the helm for another decade in our view," she wrote.

Abel, 55, is the head of Berkshire’s utility businesses. He’s often mentioned by analysts and investors as a leading contender to replace Buffett, along with reinsurance executive Ajit Jain. Both managers were praised by Berkshire vice chairman Charles Munger in 2015 as “world leading" executives who are in some ways better than Buffett.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 15 Sep 2017, 09:24 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie