Berkshire Hathaway (BRK) Faces Increased Scrutiny On CEO Succession

Berkshire Hathaway Inc. (NYSE:BRK.A), (NYSE:BRK.B) has lined itself up against proposals that it be more transparent with regard to plans for Warren Buffet’s successor. Last week we reported on a proposal from the AFL-CIO which sought to have the boards reportedly detailed plans for succession revealed to them. They wanted to have the information in order to best further the interests of the shareholders. The AFL-CIO is not as concerned about the actual identity of the successor but rather want assurances that the replacement will be someone from Berkshire Hathaway’s corporate culture. The provision seems to mean that Berkshire Hathaway’s next CEO should be Buffet’s successor both professionally and spiritually.

The Labor Union Federation holds just over $100,000 worth...