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Abel, who is now vice president of non-insurance operations at Berkshire Hathaway, travels often, yet still manages to coach his kids’ hockey, baseball and soccer teams, says Jim Cownie, a former cable executive and Iowa real estate investor. “How does a guy with that much responsibility do that? He just figures out a way,” Cownie said. “He’s an amazing human being.” Abel will succeed the 90-year-old Buffett as CEO. Buffett confirmed the succession plan Monday to CNBC after Berkshire Vice Chairman Charlie Munger let details of it slip during the Omaha, Nebraska-based company s annual meeting on Saturday. In an exchange with Munger, Buffett said Berkshire s extremely decentralized operating model wouldn t work unless the company has the right culture. ....
Greg Abel is poised to become one of the most important business figures in the nation, but many may not know much about the 58-year-old Des Moines resident. Warren Buffett, 90, this week revealed that Abel is in line for one of the most coveted corporate jobs in America: leading Berkshire Hathaway, Buffett s $630 billion conglomerate, when the billionaire Oracle of Omaha decides to step down. Unlike Buffett, who is known to revel in his role as the very public face of his company, Abel remains largely behind the scenes. Friends in Iowa say the Edmonton, Alberta, Canada, native is a dedicated family man who coaches his kids hockey and soccer teams. ....
What makes Buffett-led Berkshire Hathaway 'very distinctive in corporate America': Management expert yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.