Warren Buffett Has Prostate Cancer; Detected At Early Stage, He Says
Tue, 04/17/2012 - 16:27 EDT - NPR - National Public Radio (Business News)
Warren Buffett, 81, has been diagnosed with prostate cancer, his Berkshire Hathaway company announced Tuesday afternoon. The cancer is at Stage 1, according to MarketWatch. The billionaire investor says that his condition is not life-threatening.» E-Mail This» Add to Del.icio.us
OMAHA, Neb. — Warren Buffett told his company’s shareholders in an open letter Tuesday that he has been diagnosed with early-stage prostate cancer. The 81-year-old billionaire investor and CEO of Berkshire Hathaway Inc. said his condition is “not remotely life-threatening” or debilitating.
By Gerry Sullivan: There is lots of talk about Berkshire Hathaway (BRK.B) after Warren Buffett announced after the close Tuesday that he has been diagnosed with stage 1 prostate cancer. This has been the main topic for the talking heads, including Jim Cramer, and several fund managers with large Berkshire holdings.
NEW YORK (Reuters) - Warren Buffett, the billionaire chief executive of Berkshire Hathaway Inc, told investors on Saturday that the company had found his successor, and the company's vice chairman, Charlie Munger, identified two Berkshire executives as candidates.
FORTUNE -- Warren Buffett, it appears, is worth less than he used to be. Shares of Buffett's Berkshire Hathaway (BRKA) fell slightly, down about 1%, on Wednesday, a day after the company's legendary CEO announced he has Stage 1 prostate cancer. Buffett said his condition is "not remotely life-threatening" and would barely slow him down. (He won't be able to travel, while getting radiation treatment, for two months starting in mid-July.) Surely, part of the small drop has to do with the fact that few think Buffett is going anywhere soon.
The Chairmen and CEO of Berkshire Hathaway Inc. (NYSE:BRK.A) Warren Buffett in a letter to the company’s shareholders on Saturday indicated that his company has found his successor. The Vice Chairman Charlie Munger indicated the potential candidates to be two executives of Berkshire, namely, Greg Abel – the head of Berkshire’s energy companies – and Ajit Jain – an insurance executive of the company, as possible candidates for the role.
Warren Buffett tried to allay fears of Berkshire Hathaway Inc shareholders about the company's future after he was diagnosed with prostate cancer, and revealed that he recently tried to make one of the bigges