Buffett maps out hopes for Berkshire without him
Omaha, Nebraska: Warren Buffett on Saturday gave the most extensive comments to date about the future of Berkshire Hathaway Inc after he is gone, saying he still expects the conglomerate to be a partner of choice for distressed companies.
Buffett, 82, also defended his plan to install his son, Howard, who has little investing experience, as nonexecutive chairman, saying the younger man's role would be to ensure that Berkshire had the right CEO in place. During the financial crisis and its immediate aftermath, Berkshire helped prop up a number of companies, among them blue-chips such as General Electric and Goldman Sachs.
Buffett's investments were viewed by many shareholders as a seal of approval from one of the world's most respected businessmen. Short-seller Doug Kass, invited by Buffett to Berkshire's annual meeting on Saturday to offer contrarian points of view, asked whether a successor would have the same heft. Buffett said it would not matter.
BJP leader Subramanian Swamy criticised the Aam Aadmi Party for taking support from the Congress. Swamy said that the AAP has committed suicide by opting for an alliance with the Congress.
Date 23-02-14, Duration 1:43, Views 45415
Date 23-02-14 1:43
Tooltip Information:AAP's alliance with Cong. a suicide: BJPVideo by:Description: BJP leader Subramanian Swamy criticised the Aam Aadmi Party for taking support from the Congress. Swamy said that the AAP has committed suicide by opting for an alliance with the Congress.Rating: 3.26Views: 45415
Date 26-04-14 4:34
Tooltip Information:Ramdev says Rahul goes to Dalit houses for picnics, Cong. reactsVideo by:Description: Yoga guru Baba Ramdev made a shocking statement on Friday that Congress vice President Rahul Gandhi goes to Dalit houses for picnics and honeymoon. Ramdev who is supporting the BJP in the Elections 2014 made the objectionable comments during a press conference in Lucknow. He attacked Rahul Gandhi's 'single' status saying that Rahul wanted to marry a foreigner but was stopped by his mother Congress Chief Sonia Gandhi. He further went on to say that Sonia Gandhi asked Rahul not to get married until he becomes the prime minister. Meanwhile, the Congress party has condemned the statement.Rating: 4.52Views: 9971
Date 11-04-14 3:09
Tooltip Information:CNN-IBN and Microsoft Analytics Center for LS 2014 ElectionVideo by:Description: Largest technology brand Microsoft has joined hands with India’s biggest media Channel CNN-IBN to set up an elections analytics center to help decode the Indian electionsRating: 4Views: 3248
Date 10-04-14 0:55
Tooltip Information:Microsoft and CNN-IBN Join Hands to Analysis the LS 2014 Polls TrendsVideo by:Description: World's largest technology brand Microsoft has joined hands with India’s biggest media Channel CNN-IBN to analyse the Lok Sabha elections 2014 trends.Rating: 4Views: 2710
Date 5 hrs ago 3:49
Tooltip Information:Subrata Roy seeks Wi-Fi, conference room at Tihar JailVideo by:Description: The Supreme Court on Wednesday asked Sahara's lawyers and Tihar jail authorities to agree on a plan for conducting meeting of Subrata Roy and potential buyers of his hotels through video conferencing. The apex court will take up the matter again for hearing on August 1.Rating: 4Views: 11
Date 5 hrs ago 2:26
Tooltip Information:Heavy rains halt life in AhmedabadVideo by:Description: Heavy rains in Ahmedabad brought life to a standstill on Wednesday but cheered people up. The incessant rains that started a night ago clogged city roads, creating huge potholes in them. The rainwater also flooded roads outside Ahmedabad's airport and caused inconvenience to people. People blamed carelessness of local Municipal Corporation for the water-filled roads, uprooting of trees and power shortages. However, rainfall has come as a relief to people trying to cope up with the unbearable summers in India. According to the weather department, monsoon has reached over Gujarat and has lashed most parts of the state.Rating: 4Views: 41