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Lois Mitchell had a phone appointment scheduled for 11:30 am Alberta time Monday, and she was certain that Greg Abel would pick up after a ring or two, no matter how busy he was.
Abel, Berkshire Hathaway Inc.’s vice-chair of non-insurance businesses, is busy at the best of times, but his pile of responsibilities likely grew by a few heaps over the weekend after word got out that his boss, the Oracle of Omaha, Warren Buffett, had chosen the Albertan to be his successor. At least, that is, whenever the seemingly ageless 90-year-old chief executive of the US$900-billion investment conglomerate he founded steps down.
Meet the Oracle of Edmonton: Greg Abel tapped as Warren Buffett s successor
calgaryherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calgaryherald.com Daily Mail and Mail on Sunday newspapers.
Monday s analyst upgrades and downgrades - The Globe and Mail
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Revenue for the three months ended March 31 was almost US$6 billion, up from US$3.16 billion in the first quarter or 2020.
A big part of the difference was an US$842-million gain on investments, versus a US$1.5-billion loss a year earlier.
Fairfax was expected to earn US$10.55 per share on US$5.8 billion of revenues, according to financial data firm Refinitiv.
Fairfax Financial, together with the Fairfax India Charitable Trust and Fairfax India Holdings Corp., committed US$5 million to fund initiatives to help India with the recent surge in COVID-19 cases. We are saddened by the current crisis in India resulting from the COVID-19 pandemic. Fairfax wishes to assist India in traversing this incredibly difficult time and are hopeful that our commitment will provide some relief to India and its health-care system, stated chairman and CEO Prem Watsa.