Friday, March 02, 2007

Buffett Seeks New (and Younger) Candidate for Top Investing Position

Berkshire Hathaway chairman Warren E. Buffett said in his annual letter to shareholders Thursday that he was seeking a new candidate to become chief investment officer when he steps down. Mr. Buffett also said his firm needs to pursue large acquisitions -- he called them "elephants" -- in order to put its cash to work, and was critical of hedge funds, calling their fee structures "grotesque."
Go to Article from DealBook>>
Go to Article from The New York Times>>
Go to Article from The Financial Times via MSNBC>>
Go to Article from The New York Post>>
Download Mr. Buffett's Annual Shareholder Letter (PDF)>>

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