rogermunibond Posted December 11, 2013 Share Posted December 11, 2013 http://www.businessweek.com/news/2013-12-11/berkshire-railway-names-ice-ceo-with-rose-executive-chairman-1 http://www.businesswire.com/news/home/20131211006363/en/BNSF-Railway-Announces-CEO-Executive-Chairman-Transition Carl Ice to become CEO; Matt Rose moving to executive chairman. Does this spell Rose's first step to get ready for taking on the CEO role at BRK? Link to comment Share on other sites More sharing options...
Grenville Posted December 11, 2013 Share Posted December 11, 2013 Thanks for posting! It will be interesting to see how Matt Rose's responsibilities evolve. Link to comment Share on other sites More sharing options...
Guest longinvestor Posted December 12, 2013 Share Posted December 12, 2013 Wonder if Warren will follow the usual tradition of appointing a COO. He actually did that with Sokol and that blew up. I think it does make sense. Should we expect this on May 3rd, 2014? I also think Abel has a real shot at the CEO spot because if they come good on investments MidAmerican looks to get much larger with solar and wind. Link to comment Share on other sites More sharing options...
Palantir Posted December 13, 2013 Share Posted December 13, 2013 Is there any reason why Marc Hamburg never figures in these "next CEO" lists? Link to comment Share on other sites More sharing options...
usdtor05 Posted December 16, 2013 Share Posted December 16, 2013 I think Jeff Matthews short book on the Berkshire successor was pretty solid. He has always described Hamburg as acting moreso like a Chief Accounting Officer moreso than your typical CFO but I have no idea if that is approrpriate. Link to comment Share on other sites More sharing options...
twacowfca Posted December 22, 2013 Share Posted December 22, 2013 I think Jeff Matthews short book on the Berkshire successor was pretty solid. He has always described Hamburg as acting moreso like a Chief Accounting Officer moreso than your typical CFO but I have no idea if that is approrpriate. Marc has functioned as a de facto COO, holding all the CEO's of the subsidiaries accountable for ethics, financial oversights and ROC targets. However, after pushback a few years ago, Warren asked the CEO's of the major subsidiaries to report directly to him. thus, when Marc spotted the ethical lapse by Sokol, Warren had to deal with him. Greg and Matt are certainly on the short list because they are managers of large subsidiaries and are young enough to fill the CEO role for more than a short time without becoming superannuated. Ajit (who enjoys his job more than he would being manager of a conglomerate) and Marc, who would be very capable as CEO were he not being called to manage superstars who are paid 20 times as much as he, are in their early 60's. They would not be perceived as being in the role for more than a brief term. Matt's stepping down as BNSF 's CEO, suggests that he's the man . I would not be surprised to see Charlie step down as Vice Chairman at or before the AGM with Matt replacing him and becoming the heir apparent to Warren. Link to comment Share on other sites More sharing options...
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