Longtime Berkshire board member Ron Olson told Yahoo Finance he thinks the new roles for Abel and Jain will take some pressure off of Buffett and make it easier for him to continue running Berkshire, which includes an eclectic mix of more than 90 companies.
It came two days after Buffett revealed having bought 75 million additional Apple shares, and four days after Apple said it may buy back $100 billion of stock.
Apple now accounts for a quarter of Berkshire Hathaway's assets and is the biggest holding for it.
Berkshire Hathaway chairman Warren Buffett answered questions on a wide range of topics at the company's annual shareholder meeting in Omaha on Saturday, including U.S.
Buffett has said he looks at Apple like a consumer products company with a strong competitive position, rather than as a tech company.
There are likely to be questions about who will eventually replace Buffett, where the company will invest more than $116 billion cash and maybe questions about career advice.
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Carter, who married 22-time Grammy award victor Beyoncé in 2008, is worth an estimated $810 million, according to Forbes. "After the acquisition, Carter and Iconix maintained publicly-disclosed partnerships related to the Rocawear brand".
The Trump administration reached out to China to request them to reduce trade deficit with the United States before the end of 2020 in an attempt to prevent a trade war between the two dominant world economies.
Berkshire Hathaway logged a loss for the first quarter of the year, hit by what Chairman and Chief Executive Warren Buffett already had flagged would be the weight of new accounting rules.
Berkshire typically discloses its largest common stock holdings and percentage stakes in its quarterly and annual reports. "I don't agree with that", said Catherine Keane, a 67-year-old shareholder attending her first annual meeting.
Besides investments, Berkshire owns more than 90 subsidiaries in a variety of industries, including insurance, utilities, railroads, and manufacturing.
Against this backdrop, Apple reported a reasonable quarter and the stock now stands about $20 per share short of giving it a trillion dollar market capitalisation.
The accounting change required Berkshire to report unrealized losses in its equity portfolio, which totalled $170.5 billion at year end, regardless of whether it planned to sell those stocks.
Berkshire said its operating profit, which Buffett considers a better performance measure, rose 49 percent to $5.29 billion, or about $3,215 per Class A share, from $3.56 billion, or $2,163 per share, a year earlier. The shares closed up 3.9% at $183.83 on Friday.