Warren Buffett Tunes Up for Retirement

Berkshire Hathaway shareholders investment guru Warren Buffett has made it clear he's looking for a successor as chief investment officer. He plans to hire three or four candidates for on-the-job tryouts.

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REBECCA ROBERTS, host:

In our Monday focus on technology, we've been talking about replacing gas-guzzlers with hybrid vehicles. So today's last word in business continues on the replacement theme.

This weekend, the shareholders of Berkshire Hathaway saw just so hard it will be to replace their 76-year-old chairman Warren Buffett. Not only is he worth $52 billion, he sure can strum a tune. At the annual shareholders meeting Saturday, Buffett took the stage for a mic check, backed by a western band and holding a ukulele.

Mr. WARREN BUFFETT (Chairman, Berkshire Hathaway): Testing one million, two million, three million…

(Soundbite of laughter)

ROBERTS: Before launching into a tune, Buffett mentioned he would have to retire one day soon, and jokes that this was his first audition for a new job. Buffett had been sorting through hundreds of applications to find a chief investment officer to succeed him. The billionaire says he plans to hire three or four candidates and give them each several billion dollars to manage. But he hasn't mentioned testing out the musical skills of his potential replacements.

(Soundbite of music)

Unidentified Group: (Singing) …say that you are leaving. We will make your bright eyes (unintelligible).

ROBERTS: It's MORNING EDITION from NPR News. I'm Rebecca Roberts.

STEVE INSKEEP, host:

And I'm Steve Inskeep.

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