- CNTV English - CCTV News

Warren Buffet seeks new CEO

05-07-2013 09:44 BJT

Watch Video

Play Video

Investment mogul Warren Buffet has met with his board over the weekend to look for a successor as CEO for his conglomerate Berkshire Hathaway. The 82-year old has not yet found anyone to follow in the footsteps of his 160,000 dollars per share company and the speculation is piling up. The job applications at the same time, must be flowing in. So who are the most likely candidates?

He looks still hale and hearty, but the 82-year-old god of stocks is urgently looking for a qualified successor to continue his investment legacy.

But on the final decision, Warren Buffet never spills a word.

For Buffet, he needs someone more passionate, brainy and energetic on the business and the company. That’s the culture there.

Buffett says he doesn’t expect his new CEO to make any significant changes to Berkshire Hathaway after he’s gone.

But before the power hand-over is hammered, Buffet still has a word to say. That’s why more than 30,000 flock to the shareholder meetings every year.

Buffett and his investing partner Charles Munger told shareholders to stick to the industries they know, but the right temperament is also important.

As for Buffet, he calls US Federal Reserve Chairman Ben Bernanke a "gutsy guy" who has done "very very well" to keep the economy going. But he suggested that it may be hard for the Fed to safely unload its 3.4 trillion US dollar investment portfolio, as Buffett said, "It’s a lot easier to buy things than it is to sell them."

Looking across the pond, Buffet says Europe can still be viewed as a place which offers opportunities to buy stocks.


Editor:Zhang Jingya |Source:

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program