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Warren Buffet taps Greg Abel to lead Berkshire Hathaway when he leaves

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. ....

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Des Moines resident tapped as future Berkshire Hathaway CEO is a 'grounded,' 'brilliant,' friends say

Des Moines resident tapped as future Berkshire Hathaway CEO is a grounded, brilliant, friends say
Donnelle Eller, Des Moines Register
© Contributed/Berkshire Hathaway Energy
Billionaire Warren Buffett has tapped Des Moines resident Greg Abel to lead the massive conglomerate Berkshire Hathaway.
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. ....

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Jim Cownie at St. Kilda's

By Jim Duncan
2/3/2021
I met Jim Cownie about 65 years ago on a sandlot baseball field. He was the kid all other kids wanted to be â the best at every sport. I was the youngest kid playing at the time, and Cownie would pick me on his team sooner than my talents deserved. Today Cownie is the businessman that all others want to be, a philanthropist and a genuine nice guy. I asked him to lunch recently, and he picked St. Kilda Collective in Valley Junction.
The restaurant occupies a gorgeously restored building that was originally a Ford dealership. It would rival any building in East Village for faithfully supplementing the original historic character. The large rooms are dominated by a wood burning grill for steaks, chicken and fish. The separate bakery kitchen is glassed in up front and turns out pastries for both the St. Kilda cafÃ©s in the metro. ....

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