At this year’s Berkshire Hathaway annual meeting, as in all years, there was the usual business talk. But there was also plenty of entertainment. Actress Susan Lucci of “All My Children” fame and the woman who has brought character Erica Kane to life for so many years it seems contemplated a career change. She was, according to her, to take over chairman duties from Warren Buffett, effective immediately. Finally, the identity of Buffett’s eventual successor had finally been unveiled.
Lucci promised many changes, most of which you would have never seen under Buffett’s tenure as chairman. She promised Berkshire would pay a dividend and give its directors raises. Well, Buffett could take no more and advised that Lucci should keep her day job.
Today, the roles were reversed. Buffett made his second appearance (his first was in 1992) on the daytime soap “All My Children”. On the episode he help’s Lucci’s character, Erica Kane, deal with a little insider trading trouble. I was pleasantly surprised by Buffett’s acting “abilities”. But like Lucci, I hope he keeps his day job.