Wednesday, March 14, 2012

Berkshire shareholders get reassurances as they worry about company future after Buffett goes

Warren Buffett tried to reassure his shareholders Saturday that Berkshire Hathaway will be fine once he is gone, but the 77-year-old billionaire offered few new details of the company's succession plan.

Berkshire vice chairman Charlie Munger may have done more to reassure the roughly 31,000 shareholders at the company's annual meeting.

"Well, we still have a rising young man here named Warren Buffett," Munger said, to which Buffett joked that everyone seems young to the 84-year-old Munger.

Munger continued: "I think we want to encourage this rising young man to reach his full potential."

Several shareholders still …

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