Canadian Greg Abel (Greg Abel) will succeed the Berkshire Hathaway (Berkshire Hathaway) corporate group head of the American billionaire
When Joe Biden buried Reaganism, American capitalism turned another page. Warren Buffett has long been the richest man in the world, but he still ranks sixth in the United States with a fortune of 105 billion US dollars (about 87.2 billion euros), and he is about to succumb. At the age of 90, he finally pointed out the name of the successor who led the Berkshire Hathaway conglomerate: 58-year-old Canadian Greg Abel, who was in charge of the conglomerate’s successor. All non-insurance business.
“The management agrees with the fact that if something happens to me tonight, Greg will be in charge of it tomorrow morning.”Mr. Buffett explained on CNBC on Monday, May 3. The hockey fan graduated from the University of Alberta with a major in accounting and joined Buffett in 2008. Since 2018, he is competing with Ajit Jana, who is in charge of the insurance business, as the boss. This weekend, at the Berkshire Hathaway Conference, Warren Buffett’s friend, Charlie Munger, 97 years old, sold half of the wick: “Greg will maintain the culture” Berkshire Hathaway (US$650 billion in capital, 360,000 employees in 60 projects).
In fact, the answer to this question is not obvious, because Warren Buffett’s capitalism seems to have started in another era, anchored in the Reagan Revolution in the 1980s. This nicknamed “Sage” or “Oracle Omaha” is in Nebraska, Nebraska, Nebraska, Missouri. It is one of the people who got rid of the dormant capitalism in the 1970s. Their managers Unprofitable enterprise groups are in the hands.Buffett is “Shareholder Value” , In order to maximize profit margins to increase shareholder returns.
You might as well invest in companies that are competing for the market, such as Coca-Cola drinks, Gillette razors or Duracell batteries.So big that thirty years later, Warren Buffett was sued Financial Times The capitalism of rent is created, and the US economy is becoming more and more cartelized in virtually all sectors.Until twentiethE In the century, Buffett did not invest in high technology, which shows that he does not understand this profession. This is true until he sets his sights on Apple, which makes huge profits with its iPhone.
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