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Buffett has said Berkshire plans to split his job into three parts with a CEO, a chairman and several investment managers, but he has never identified the CEO candidates. Just last month, Buffett sought to reassure Berkshire shareholders in his annual letter be telling them the board had chosen someone to eventually replace him as CEO and identified two good backup candidates. Buffett has said he believes his son Howard, who already serves on Berkshire's board, would make an ideal chairman. And Berkshire has hired two hedge fund managers, Todd Combs and Ted Weschler, over the past two years who Buffett says are capable of running the company's entire portfolio eventually. Buffett has said he remains in good health, and has no plans to retire because he enjoys running the conglomerate he built. Berkshire owns more than 80 companies, including clothing, furniture, brick and jewelry firms, but its insurance, railroad and utility businesses typically account for more than half of the company's net income. It also has major investments in such companies as American Express Co., International Business Machines Corp., Washington Post Co. and Wells Fargo & Co. Berkshire Hathaway's Class B shares slipped 5 cents to close Wednesday trading at $80.71. ___ Online: Berkshire Hathaway Inc.:
http://www.berkshirehathaway.com/
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