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To watch the video Greg Abel to Take Over Buffet's Berkshire Empire that was posted today by the Youtube channel Bloomberg Television, click on the video just above. You will then be able to discover it in streaming for free directly on our site!
The video is doing a very good start since it was uploaded on the Youtube channel of Bloomberg Television and it could well end up in trend if the scores remain at these levels. However, we should not get too excited and wait a few days to see if this good start is confirmed with a buzz on the duration.
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For your information, you can find below the description of the video Greg Abel to Take Over Buffet's Berkshire Empire published by the Youtube channel Bloomberg Television:
Warren Buffett picked the final minute of his 60th shareholder meeting to drop a long-awaited announcement that was still completely surprising for his fans, most of his board and even his successor.
Buffett, the 94-year-old architect and face of Berkshire Hathaway Inc., said he is going to retire.
A few feet away, Greg Abel, the energy executive long seen as Omaha’s crown prince, wasn’t even aware his time had come.
Buffett will hand Abel the keys to a $1.2 trillion behemoth, commanding a portfolio of stocks such as Apple Inc. and American Express Co. on top of a collection of insurance, energy, railroad and consumer businesses that regularly churn out $10 billion a quarter in operating profit.
Abel takes over on January 1.
Bloomberg Intelligence senior US property and casualty insurance analyst Matthew Palazola examines the implications of Buffett's long-awaited announcement. Matthew speaks with Tom Keene and Tim Stenovec on Bloomberg Radio.
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