JP Morgan Weighs In On Suspected Berkshire Hathaway Successor.
Who will succeed Warren Buffett as chief executive officer of Berkshire Hathaway Inc.? It’s one of the most guarded secrets in the business world. That didn’t stop JPMorgan Chase & Co.’s new Berkshire analyst from placing odds on one man.
“The most likely successor in our view, who Warren Buffett regularly praises, is Greg Abel,” JPMorgan’s Sarah DeWitt said in a note released Thursday, initiating coverage of the company.
Abel, 55, is the head of Berkshire’s utility businesses. He’s often mentioned by analysts and investors as a leading contender to replace Buffett, along with reinsurance executive Ajit Jain. Both managers were praised by Berkshire Vice Chairman Charles Munger in 2015 as “world-leading” executives who are in some ways better than Buffett.
One of the suggestions to incentivize domestic venture capital funds is to exempt them from long-term capital gains in line with its secondary market peers.