File photo of Howard 'Howie' Buffett with his father and Warren Buffett. The billionaire investor and founder-CEO of Berkshire Hathaway has named Greg Abel as his successor. (Vincent Tullo / Wall ...

The decision to continue with the so-called Sage of Omaha as head of the board came amid speculation that Howard Buffett, the second-born of the investor’s three children, would move into that spot.

Canadian-born Greg Abel will be the next CEO of Berkshire Hathaway Inc., the multinational conglomerate that Warren Buffett built into a US$1.16 trillion investing juggernaut over more than 60 years ...

The decision to continue with the so-called Sage of Omaha as head of the board came amid speculation that Howard Buffett, the second-born of the investor’s three children, would move into that spot.

It's "highly likely" Howard Hughes will follow the Berkshire playbook, Ackman says. Berkshire owes its success to long-time CEO Warren Buffett, who will step down at the end of the year.

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.