• Tue, May 10 2011

Warren Buffett Needs A Female CEO

Warren Buffett

Warren Buffett is having a rough month. David Sokol, the potential successor to his Berkshire Hathaway CEO post, has become an epic disappointment after it was discovered that he was doing quite a bit of insider trading with shares of chemical company Lubrizol.

The Naked Value, an investing journal, pointed out that Buffett tends to give his best interviews to women such as Liz Claman of Fox News and Becky Quick of CNBC. He also handpicked Alice Schroeder to write his biography The Snowball: Warren Buffett and the Business of Life. Cathie Black is known to be a bridge partner.

Experts believe he needs to find a CEO who can help support him in his role as the face of Berkshire Hathaway but would also be comfortable leading a company.  An already-successful women executive may be the best fit for this role.

The Naked Value looked at a few potential female CEOs and the companies they lead as well, some of which Berkshire Hathaway has a stake in already.

Ursula Burns, CEO of Xerox, seems like a frontrunner. Her climb to the top is an appealing story and its strong brand, cash flow and trading prices could also all factor in to a possible appointment. Irene Rosenfeld, CEO of Kraft Foods and Andrea Jung, CEO of Avon, are also possible contenders.

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