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FT News Briefing

Behind the Money: Berkshire after Buffett

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 28 May 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

This episode features a truncated version of a recent Behind the Money podcast as it travels to Omaha, Nebraska for Berkshire Hathaway’s annual shareholder meeting. At this year’s event, there’s a lingering question over what will happen once Warren Buffett is no longer at the helm. Buffett has a successor in mind, and we explore the challenges they could face when taking over America’s “last great” conglomerate.


Mentioned in this podcast:

Behind the Money podcast

Berkshire after Buffett: prized energy business faces upheaval


The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.


Read a transcript of this episode on FT.com


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Transcript

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0:00.0

The UK's energy partner.

0:06.0

Learn more at equinore.

0:10.0

The UK's energy partner. The UK. Good morning from the Financial Times. Today is Tuesday, May 28th, and this is your

0:17.0

FT News briefing. We're doing something a little bit different on the briefing. I have

0:21.1

with me my colleague Michaela Tenderra,'s the host of the behind the money podcast and Michaela.

0:26.5

Hey Mark so the thing about Michaela that you should know is that she spends her time and her travel in interesting ways.

0:34.7

You know, like if you're planning a vacation,

0:36.8

maybe you go to Florida or you go to Greece.

0:39.8

Michaela decided recently to travel to the magical land of Omaha, Nebraska.

0:45.8

McKella, why did you choose Omaha?

0:49.2

Well, aside from wanting to try my first Omaha steak,

0:53.8

I decided to travel to Omaha a few weeks ago

0:56.2

to attend the Berkshire Hathaway annual shareholder meeting.

1:00.0

Okay, that's a legitimate reason, but why this one in particular, what's so interesting about Berkshire now?

1:06.4

Well, this meeting, you're right, it happens every single year, but this year I really wanted to go

1:12.3

because we're at a really interesting inflection point for what's happening with this massive company, Berkshire Hathaway.

1:20.0

A lot of people might know Warren Buffett is the CEO and chairman of the company,

1:26.2

but he's also turning 94 this year.

1:28.9

And so I wanted to go and kind of get the mood for how investors are feeling about this and what the next era of

1:34.2

Berkshire Hathaway could really look like.

1:36.2

Berkshire after Buffett, that's going to be a cool episode. Let's take a listen and see

1:40.3

what Michaela found.

...

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