Who will succeed Warren Buffett?


Berkshire Hathaway Inc. Chairman and CEO Warren E. Buffett smiles on the floor of the New York Stock Exchange after ringing the opening bell on September 30, 2011 in New York City. Mario Tama/Getty Images/AFP

When Warren Buffett, the 3rd richest man in the world, announced that he has an early-stage prostate cancer, inevitable questions of succession planning at his giant Berkshire Hathaway comes up. Succession was part of the strategy behind Steve Jobs’ decision to disclose he has pancreatic cancer–to pave the way for an Apple without him and led by Tim Cook instead. Businessweek says Buffett’s style was likely partly to quash speculations that something more serious is going on. After all, Buffett, one who’s decisions affect hundreds of thousands, is 81, and he knows that he needs to control the message before rumors put him on the defensive. In the Philippines, the health issues of top businessmen are also of public interest, especially if they run companies that trade in the stock exchange.   

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