Buffett has built a team to replace him that includes Abel; his insurance chief, Ajit Jain; the investment managers Todd Combs and Ted Weschler; and his son Howard Buffett. Howard's job will be to ...

One such benefactor is former Macon County Sheriff Howard G. Buffett, the son of billionaire investor Warren Buffett and a longtime philanthropic supporter of many Decatur-area organizations.

The older Buffett has said that after he dies he would like Howard to take over as chairman.A current vice-chairman, Abel, will take over as CEO as big questions hover over the company.