Greg Abel: Warren Buffett’s Chosen Successor at Berkshire Hathaway

Greg Abel: Warren Buffett’s Chosen Successor at Berkshire Hathaway

Business

Warren Buffett has named Greg Abel as his successor at Berkshire Hathaway, solidifying Abel’s position as the heir apparent. Abel, a Canadian businessman, is currently the chair of Berkshire Hathaway Energy and vice chair for non-insurance operations at Berkshire Hathaway. With a background in accounting, Abel has earned high praise from Buffett and his longtime business partner, Charlie Munger. Abel’s appointment signals a bright future for Berkshire Hathaway under his leadership.

Charlie Munger Donates $40 Million to California Museum

Charlie Munger Donates $40 Million to California Museum

Business

Charlie Munger, long-time business partner of Warren Buffett, has donated $40 million worth of Class A Berkshire Hathaway shares to the Henry E. Huntington Library and Art Museum. The donation will be used to build residences for visiting scholars doing research at the museum. Munger’s dedication to philanthropy has led him to divest a significant portion of his fortune, with $1 billion going into a charitable trust. Despite his generosity, Munger still holds a substantial number of Berkshire shares. He is well-known for his witty remarks and insightful responses at shareholder meetings.