Happy accident How Buffett got his succession plan right
News Source : Livemint
News Summary
- The default for boards and CEOs is guarding their succession plans like a state secret
- Buffett and his former longtime vice chairman and right-hand man Charlie Munger, who died in 2023, always assured investors they had a plan
- Thanks to Munger’s gaffe, the company stumbled into a succession model that more companies should consider
Even though Warren Buffett is 94 and decades past the average retirement age, the end of his run as CEO of Berkshire Hathaway was always going to come as a shock.But its given investors some comfor [+4625 chars]
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