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 ...

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 ...

Aug. 30, 1930 In August 1930, Mr. Buffett was born in Omaha to Leila and Howard Buffett, an investment banker and future Republican congressman. At 9 years old, he started studying the stock market.

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.

Buffett said he had given a heads up to his children Howard and Susie, who are directors. It had been unclear before Monday whether Warren Buffett would remain chairman or hand that title to ...