‹ BackHN Continuity

Thread

Warren Buffett Steps Down as Berkshire Chairman, Names Son to Replace Him

323 points · 221 comments · saimiam

  1. dugmartin · · focus · HN ↗
    I guess Warren’s quote only applies to other people, not him. &quot;It’s like choosing the 2020 Olympic team by picking the eldest sons of the gold-medal winners in the 2000 Olympics.&quot; (<a href="https:&#x2F;&#x2F;www.nytimes.com&#x2F;2001&#x2F;02&#x2F;14&#x2F;us&#x2F;dozens-of-rich-americans-join-in-fight-to-retain-the-estate-tax.html" rel="nofollow">https:&#x2F;&#x2F;www.nytimes.com&#x2F;2001&#x2F;02&#x2F;14&#x2F;us&#x2F;dozens-of-rich-america...)
    1. nlitened · · focus · HN ↗
      As I understand, the son is there not to lead the company (Greg Abel is the CEO), but to oversee their family&#x27;s share in the enterprise.
      1. yuuu · · focus · HN ↗
        I thought he was giving away 99% of his wealth?
        1. mrlonglong · · focus · HN ↗
          Can he give me a few million then?
          1. andrewstuart · · focus · HN ↗
            And me please. 2 mill.
Open on Hacker News to reply ↗

Unofficial Hacker News client; not affiliated with Y Combinator.