Greg Abel

Greg Abel, 55, will be vice chairman of the non-insurance business, while Ajit Jain, 66, will be vice chairman of the insurance operations, the company said.

Warren Buffett-led Berkshire Hathaway dropped one of the biggest hints about a possible successor to the billionaire investor, describing India-born Ajit Jain and Greg Abel as "world-leading" performers who are "better" business executives than the octogenarian.

Warren Buffett told investors on Saturday that Berkshire Hathaway Inc had found his successor, giving more details than ever about the heir to the company he has run for 50 years.

Warren Buffett said the U.S. economy is gradually improving, but low interest rates have made bonds "terrible investments" while stocks remain "reasonably priced." Speaking on CNBC television on Monday, the chairman and chief executive of Berkshire Hathaway Inc said the economy is benefiting from an upturn in areas that had not previously performed...

Greg Abel, 55, will be vice chairman of the non-insurance business, while Ajit Jain, 66, will be vice chairman of the insurance operations, the company said.

Warren Buffett-led Berkshire Hathaway dropped one of the biggest hints about a possible successor to the billionaire investor, describing India-born Ajit Jain and Greg Abel as "world-leading" performers who are "better" business executives than the octogenarian.

Warren Buffett told investors on Saturday that Berkshire Hathaway Inc had found his successor, giving more details than ever about the heir to the company he has run for 50 years.

Warren Buffett said the U.S. economy is gradually improving, but low interest rates have made bonds "terrible investments" while stocks remain "reasonably priced." Speaking on CNBC television on Monday, the chairman and chief executive of Berkshire Hathaway Inc said the economy is benefiting from an upturn in areas that had not previously performed...