At Berkshire Hathaway’s annual shareholder meeting, it was revealed that CEO-in-waiting Greg Abel may also take over the company’s investment responsibilities, a departure from previous plans. This raises questions about the succession plan and Abel’s qualifications as a stock picker. Berkshire Vice Chairman Ajit Jain and analysts express concerns about the transparency and communication of this change. However, Abel has a proven track record in business acquisitions and the support of Berkshire’s subsidiary CEOs. Despite challenges in finding large investments, shareholders remain confident in the leadership of Buffett and Abel.
