Warren Buffett IDs Likely Successor

Warren Buffett said Greg Abel, Berkshire Hathaway Inc.’s vice chairman of non-insurance businesses, would be his likely successor if the billionaire were to step down. Buffett told CNBC that the board agrees Abel, 58, would take over if anything were to happen to the 90-year-old chief executive officer of Berkshire, and that age was a determining factor in the selection. Abel had been seen as the most likely candidate.