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Warren Buffett's Berkshire Hathaway expands its board

Warren Buffett's Berkshire Hathaway expands its board

Abel now is the chairman and CEO of Berkshire Hathaway Energy Company, which he joined in 1992.

"It is probably fair to say it's not just the Warren and Charlie show any more", said David Rolfe, who oversees $5 billion of assets at Wedgewood Partners Inc in St. Louis, whose largest holding is Berkshire.

The company said Wednesday that Buffett and Charles T. Munger, Berkshire Hathaway's vice chairman, will retain their positions on the board.

Jain or Abel? Warren Buffett won’t say
Paul Morigi  Getty Images
Jain or Abel? Warren Buffett won’t say Paul Morigi Getty Images

In an interview with CNBC's Becky Quick Wednesday, Buffett said that for the most part this cryptocurrency run will "come to a bad ending", although when and how this happens remains unclear.

"They've both got Berkshire in their blood", Buffett said.

In connection with their election to the Board of Directors, Buffett, Berkshire Hathaway's Chairman and CEO, appointed Abel to be Berkshire Hathaway's Vice Chairman - Non-Insurance Business Operations and Jain to be its Vice Chairman - Insurance Operations. "Berkshire will operate best if its CEOs average well over 10 years at the helm".

Man Attacks Harvey Weinstein in Restaurant
TMZ obtained footage of the encounter, which shows the Steve backhanding Weinstein twice across the face. Weinstein reportedly is undergoing rehab at the exclusive Meadows center in Wickenburg, Arizona .

"I have to face reality", Munger said.

In late-morning trading, Berkshire Class A shares rose $2,010 to $306,530 and its B shares rose $1.61 to $204.63.

Jain, 66, was named vice chair of the insurance operations.

Aamir Khan gives 'mahurat' clap for 'Total Dhamaal'
Today morning, the film officially went on the floor with the entire star cast present at Filmcity Mumbai . Madhuri Dixit will be seen on the silver screen after a period of four years.

"Why in the world should I take a long or short position in something I don't know anything about". That instantly makes them front-runners to succeed Buffett. Jain is the Executive Vice President of National Indemnity Co.

US Customs and Border Protection Publishes New Rules for Searching Electronic Devices
This means that anything that can not be accessed without a data connection is off-limits to police officers in a "basic" search . The directive comes in time with the reported rise in electronic device inspection at United States airports previous year .


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