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Berkshire Board Member Expresses Confidence In Warren Buffett's Successor Greg Abel: 'He Will Run The Companies ... In The Same Way That Warren Ran Them'

Canadian businessman Greg Abel is anticipated to take over the helm of Berkshire Hathaway Inc. (NYSE: BRK-A) from Warren Buffett and appears to have the full backing of at least one board member ahead of the firm's annual shareholders meeting on Saturday. What Happened: According to a report by The Independent, Berkshire board member Ron Olson expressed confidence in Abel's capabilities to succeed Buffett. Olson lauded Abel's grasp of the core principles that have steered Buffett and his dedication to managing Berkshire conservatively to ensure the company's financial stability. Olson also believes that Abel's leadership will not deter business owners from selling their firms to Berkshire, as reported by the outlet. He dismissed worries that the ...