OMAHA, Neb. (AP) - Several Berkshire Hathaway shareholders are concerned about the future of billionaire Warren Buffett's company once he is gone.
Buffett, 77, tried to reassure them at Berkshire's annual meeting Saturday in Omaha, but offered few new details about the company's plan to replace him.
Berkshire plans to split his job into three parts -- chief investment officer, chief executive officer and chairman. Buffett says the board has a list of three internal CEO candidates and four external investment officer candidates.
Berkshire's vice chairman Charlie Munger is encouraging shareholders not to be eager to replace Buffett.
The 84-year-old Munger says Buffett is a rising young man who has yet to reach his full potential.
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