Berkshire’s board doesn’t see Buffett’s successor ‘as a CEO in waiting,’ lead director says. ‘He’s taking on the leadership capacity right now’

• Berkshire Hathaway Sue Decker Senior Director Said Buffett's heir, Greg Abel, was adopted by the board of directors and assumed a more important role of leadership. Berkshire is organizing his annual shareholder meeting this weekend, and Buffett could talk about the prices for the first time since the announcement of Trump's “Liberation Day”.

Berkshire Hathaway's main director, Sue Decker said that the heir to the throne of CEO Warren Buffett was already going to first.

The CEO of Berkshire Hathaway Energy, Greg Abel, is expected to resume the role of Buffett as director general of the Global conglomerate.

“In the past year, the board of directors, really Greg and Warren, has gone from a kind of success to success to practice it,” said Decker CNBC. “Greg was much more involved in capital allowance decisions, and I know that he has won the confidence of the board of directors and Warren.”

She added: “We don't even really see him as a pending CEO, he is currently taking the leadership capacity at the moment.”

Buffett himself could further address Abel's role in the coming days. Called the “Woodstock for the capitalists”, Berkshire Hathaway will welcome his annual meeting of three-day shareholders this weekend, underlined by a question-answer session with Buffett on Saturday.

The Q&R will also give him the opportunity to comment on the recent market volatility since President Donald Trump announced his so-called “Liberation Day” rates on April 2. This includes a 145% tariff on Chinese imports, although it has made key exceptions and has put rights elsewhere on a 90 -day taking.

In early March, Buffett said CBS That long -term prices “are a tax on goods”, adding “I mean, the dental fairy does not pay them!”

Investors hope for something more energetic this weekend.

“Because Berkshire has so many companies, they are mainly on the front line in terms of the falling economy. Is it even worse than what the figures are already showing? ” Check the founder of capital management Steve Check says CNBC. “I hope, more than anything, that he denounces the way the prices have been carried out.”

It is not clear if Buffett will make declarations on the prospects of the market compared to the prices, but its recent capital movements suggested that it protected the Berkshire from a possible economic slowdown.

Omaha's Oracle sold $ 134 billion in shares in 2024, ending the year with a cash battery of $ 334.2 billion. It also sold 67% of its stock position in Apple. The iPhone manufacturer who manufactures most of its American devices in China has seen its stock market plunging almost 16% since the start of the year.

When asked why Berkshire transports so much money, Decker said that the company did not see money as “sitting there, we see it as a strategic asset”.

“When you think of what is happening right now in the world, there is really no other business in the world which has a fortress of a balance sheet which could also be used to help stabilize or provide liquidity if a dislocation of major financial markets,” she told CNBC.

This story was initially presented on Fortune.com