Berkshire’s New CEO, Greg Abel

I am quoted by Business Insider:

“Greg Abel will not have the time to do this,” David Kass, a finance professor at the University of Maryland, told Business Insider.

Kass said the new boss will have a “full plate” overseeing Berkshire’s subsidiaries, including insurers such as Geico for the first time, managing its roughly $300 billion stock portfolio, and making major allocation decisions outside of the company including acquisitions and other deals.