Buffett Says Next Berkshire CEO Must Fight Arrogance, Decay

Buffett Says Next Berkshire CEO Must Fight Arrogance, Decay, Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., said his successor will need to avoid traps that have hindered companies in the past.

The next Berkshire CEO will need “the ability to fight off the ABCs of business decay, which are arrogance, bureaucracy and complacency,”

Buffett, 84, wrote in his annual letter to Berkshire shareholders posted online Saturday. “When these corporate cancers metastasize, even the strongest of companies can falter.”...........Read More