Boston: Berkshire Hathaway Inc Chief Executive Warren Buffett said he has stage 1 prostate cancer but his condition "is not remotely life-threatening or even debilitating in any meaningful way."
Buffett, the world's third-richest man, will begin a two-month treatment consisting of daily radiation treatments starting in mid-July, he said in a statement on Tuesday. This will limit his ability to travel during that time, Buffett added.
The news from the 81-year-old "Oracle of Omaha" is likely to intensify the already brewing debate about the succession plan at Berkshire Hathaway, a conglomerate that employs more than 270,000 people in more than 70 businesses around the world.
Doctors say he has a very good prognosis, given the disease's early stage, though some questioned whether he even needed treatment at all given his age....more
08:32 AM, Apr 18, 2012
New York: Addressing the much-talked about succession plan at Berkshire Hathaway, legendary investor Warren Buffett on Saturday said the sprawling conglomerate has identified his successor. Without disclosing the name of his successor, the octogenarian billionaire in his annual letter to shareholders said the conglomerate's board has had a "great deal of exposure" to the chosen person. A couple of names including India-origin Ajit Jain, who manages the multi-billion dollar Berkshire...
07:12 AM, Feb 26, 2012
The 80-year-old billionaire investor Warren Buffet is on his maiden visit to India. Speaking exclusively to CNBC-TV18's Shereen Bhan, Buffet the chairman and chief executive officer of Berkshire Hathaway said India is a 'dream market for investors'. "The market is growing, getting more prosperous by the day, businesses are flourishing," he said. Here is a verbatim transcript of his interview. Shereen Bhan: What's happening as far as the global financial...
05:59 PM, Mar 23, 2011