Jan 10, 2018

Warren Buffett names new Berkshire Hathaway vice chairs

CEO of Berkshire Hathaway, Warren Buffett. Photo: Daniel Zuchnik / WireImage via Getty Images.

Warren Buffett announced on CNBC that he has appointed Ajit Jain and Gregory Abel as vice chairs on the board of Berkshire Hathaway, increasing the number of directors from 12 to 14.

Why it matters: The move cements both leaders as potential successors to Buffett as CEO of the conglomerate.

Key quote: "They both have Berkshire in their blood ... know the operation like the back of their hand," said Buffett. "It's good for Berkshire and even better for me."

  • Abel, 55, was named vice chair of non-insurance businesses. He is currently the chairman and CEO of Berkshire Hathaway Energy Company. CNBC says Abel "will likely be seen by Wall Street as the most likely to ascend into Buffett's role eventually."
  • Jain, 66, will be vice chair of insurance operations. He is currently executive vice president of National Indemnity Company.

What's next: Buffett, 87, and Vice Chairman Charlie Munger, 94, will remain in charge of Berkshire's significant investment decisions for the company.

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Bloomberg denies telling a pregnant employee to "kill it"

Photo: Scott Olson/Getty Images.

Former Mayor Michael Bloomberg on the debate stage Tuesday denied telling a former employee to terminate her pregnancy.

Catch up quick: Per the Washington Post, a former saleswoman has alleged workplace discrimination against Bloomberg and his company and says Bloomberg told her to "kill it" when he learned she was pregnant. Bloomberg denied the allegation under oath and entered a confidential settlement with the woman.

Debate night: Candidates' last face-off before Super Tuesday

Sanders, Biden, Klobuchar and Steyer in South Carolina on Feb. 25. Photo: Jim Watson/AFP via Getty Images

Sen. Bernie Sanders wants to keep his momentum after winning New Hampshire and Nevada, while former Vice President Joe Biden hopes to keep his own campaign alive. The other five candidates are just trying to hang on.

What's happening: Seven contenders for the Democratic presidential nomination are in Charleston, South Carolina, for the tenth debate, just days before the South Carolina primary and a week before Super Tuesday. They're talking about health care, Russian interference in the election, the economy and race.

Go deeperArrowUpdated 9 mins ago - Politics & Policy

Sanders to Putin: You won't interfere in any more elections if I'm president

Sen. Bernie Sanders sent a message to Russian President Vladimir Putin on the debate stage Tuesday, stating, "If I'm president of the United States, trust me, you're not going to interfere in any more American elections."

The big picture: It was unveiled last week that Russia has been interfering to boost Sanders' campaigns in an apparent attempt to strengthen President Trump's bid for reelection. Former New York Mayor Michael Bloomberg said that "Vladimir Putin thinks that Donald Trump should be president of the United States, and that's why Russia is helping [Sanders] get elected.