But CEO doesn't plan to step down anytime soon
(NEWSER) - The big news out of Warren Buffett's annual letter to Berkshire Hathaway shareholders is that he's finally picked a successor, reports the Wall Street Journal . He's just not saying who it is. Buffett, 81, also wrote that he is in "excellent health" and "isn't going anywhere" anytime soon. The lack of a definitive successor had been a worry for investors the last few years, notes the Journal. Buffett said the company has two back-up options if choice No. 1 doesn't take the job. Read the letter here . More»