Buffett said shareholders shouldn’t worry about the future of the company after Vice Chairman Greg Abel takes over because he will do a great job and Berkshire will still follow the same model of allowing its subsidiaries to largely run themselves while looking for other companies to buy with the substantial cash reserves it keeps on hand at all times.
“The problem for our board of directors is the day I’m not around and Greg’s running it, I am not giving him some envelope that tells him what to do next,” Buffett said. But Abel and Berkshire will still be ready to say within minutes whether they are interested in an acquisition and have the resources to do it.
Bu hikaye Techlife News dergisinin April 15, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Techlife News dergisinin April 15, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
CLIMATE SOLUTION: MASSACHUSETTS TOWN EXPERIMENTS WITH COMMUNITY HEATING AND COOLING
Jennifer and Eric Mauchan live in a Cape Codstyle house in Framingham, Massachusetts that they’ve been cooling with five air conditioners.
TECH NEWS SITE GIZMODO SOLD FOR THIRD TIME IN 8 YEARS AS EUROPEAN PUBLISHER KELEOPS LOOKS TO EXPAND
Longtime technology news and review site Gizmodo has been sold for the third time in the past eight years, this time to a European publisher looking to expand its coverage of the digital scene.
ONLINE MARKETPLACE EBAY TO DROP AMERICAN EXPRESS, CITING FEES, AND SAYS CUSTOMERS HAVE OTHER OPTIONS
Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are “unacceptably high fees” and that customers have other payment options to shop online.
CHINA LANDS A SPACECRAFT ON THE MOON'S FAR SIDE TO COLLECT ROCKS FOR STUDY
A Chinese spacecraft landed on the far side of the moon Sunday (02) to collect soil and rock samples that could provide insights into differences between the less-explored region and the better known near side.
BOEING LAUNCHES NASA ASTRONAUTS FOR THE FIRST TIME AFTER YEARS OF DELAYS
Boeing launched astronauts for the first time Wednesday, belatedly joining SpaceX as a second taxi service for NASA.
SOFTWARE GIANT SAP AGREES TO BUY WALKME FOR $1.5 BILLION CASH
German software giant SAP has agreed to buy WalkMe in an all-cash deal valued at about $1.5 billion.
NEW ORLEANS PLANS TO SPIFF UP AS HOST OF NEXT YEAR'S SUPER BOWL
New Orleans hosts its 11th Super Bowl next year and the preparations involve showcasing the city’s heralded architecture, music, food and celebratory culture while addressing its myriad challenges, including crime, pockets of homelessness and an antiquated drainage system.
GOOGLE MAKES FIXES TO AI-GENERATED SEARCH SUMMARIES AFTER OUTLANDISH ANSWERS WENT VIRAL
Google said it has made “more than a dozen technical improvements” to its artificial intelligence systems after its retooled search engine was found spitting out erroneous information.
AI IS IMITATING THE DEAD AND DYING, RAISING NEW QUESTIONS ABOUT GRIEVINGY
When Michael Bommer found out that he was terminally ill with colon cancer, he spent a lot of time with his wife, Anett, talking about what would happen after his death.
FORMER OPENAI EMPLOYEES LEAD PUSH TO PROTECT WHISTLEBLOWERS FLAGGING ARTIFICIAL INTELLIGENCE RISKS
A group of OpenAI’s current and former workers is calling on the ChatGPT-maker and other artificial intelligence companies to protect employees who flag safety risks about AI technology.