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Buffett backs new CEO Greg Abel with 'huge endorsement' in CNBC interview
Warren Buffett told CNBC's Becky Quick he would rather have new Berkshire Hathaway CEO Greg Abel handle his money "than any of the top investment advisers or any of the top CEOs in the United States."
Buffett's shares in the company are currently valued at $147.5 billion, so by managing Berkshire, Abel will, in effect, also be managing almost all of Buffett's enormous net worth.
Quick interviewed Buffett in May, just a few days after he announced he planned to step down as CEO at year-end. Wednesday was his last day on the job, although he will remain chairman of the board and still plans to come to the office every day.
https://link.cnbc.com/public/43340665 