Friday, May 8, 2009

And then guess what, it’ll be the Berkshire board that’ll decide the successor, irrespective of Warren’s letter.

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

You can’t take the call!

Conclusively speaking, Buffett is still the man calling all the shots, and one who still owns 32.68% of Class A shares at Berkshire (with super-voting rights); and he’s also the Chairman of Berkshire. Buffett could very well choose to give away his throne to any of the three we mentioned earlier; or to 82 year old Charlie Munger (his right hand man and billionaire partner), or to David Sokol (Chairman, MidAmerican Energy Holdings Company; a multi-billion dollar Berkshire company). Or even to his eldest son Howard Graham Buffet (who serves currently on Berkshire’s board of directors) or to his younger son Peter (well, a musician). But you know what, he won’t! If even a line of what he told Daily Telegraph has to be believed, Warren will hold on steadfastly to the reins of Berkshire till the day he dies. And then guess what, it’ll be the Berkshire board that’ll decide the successor, irrespective of Warren’s letter.

But hey, really, if Ajit Jain can be the one, why can’t it be me? Think about it, why not? Well, I have insurance experience (auto industry; especially motorcycles; in fact, one motorcycle, mine); I too lead 30 odd people (at least, I’ve found them really odd); and even my godforsaken boss calls me every night (and she’s not even a woman, for Chrissake)! Warren, I’m calling your bluff here and now... I’m your guy, not Ajit... Warren... Hey Warren, can you hear me?!?!


For more articles, Click on IIPM Article.
Source :
IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and
Arindam Chaudhuri (Renowned Management Guru and Economist).


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