Interesting video by the Wall street journal discussing that Berkshire Hathaway the multi billion dollar conglomerate run by Warren Buffett the 2nd wealthiest person in the world who has vastly increased the size of a lot of people's trusts and estates but is now 80 years old may seek his friend and the 3rd wealthiest person in the world to run the company short term if he were to resign soon. This follows the resignation of David Sokol who was widely believed to be a successor upon Buffet's eventual resignation.
They have worked together on charitable causes and seeking to get other billionaires and multi millionaires to donate at least half of their estates to charity. Gates having run a major company prior to resigning from Microsoft is thought to be able to lead in the short term even though it would be a different industry but is believed to be more interested in spending most of his time on his charitable foundation so would just be a short term solution.
Wall Street Journal video click here
That's a very great idea ..
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Posted by: Wall Street | August 12, 2011 at 08:34 AM