14-01-2018 11:32 via insuranceinsider.com

Opinion: Berkshire's biblical challenge

Berkshire's Jain versus Abel rivalry masks bigger
challenge.
Setting aside the competition between Ajit Jain and Greg Abel,
with all its evocatively biblical intonations, their twin
appointments as vice chair this week highlighted a critical issue
for Berkshire Hathaway: allocating capital in a post-Warren Buffett
future.
Whoever succeeds Buffett at the top will have the sort of
problem most CEOs would die for: how to spend a mountain of cash
that seems to get a new infusion every year.
Buffett.
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