Buffett offers a few clues about his successors at Berkshire but still refuses to name them

Buffett offers a few clues about his successors

OMAHA, Neb. — Billionaire Warren Buffett offered a few new clues about who will replace the 78-year-old at the helm of Berkshire Hathaway.

But Buffett still refused Saturday to name the people who will become Berkshire’s next chief executive or its next chief investment officer. Buffett received several succession questions at Berkshire’s shareholder meeting.

Three of Berkshire’s internal managers are candidates to be CEO. And the board has a list of four internal and external investment managers who could manage Berkshire’s portfolio.

Buffett says none of the investment managers likely beat the S&P 500 last year, but he didn’t beat it by much either.

Buffett refused to name any of the candidates because he doesn’t see any benefit to anointing a crown prince.

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Berkshire Hathaway Inc.: www.berkshirehathaway.com/