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someday and he said there are two backup candidates.

Warren Buffett says he has early prostate cancer

He told shareholders in February that Berkshire's board has chosen someone to succeed him as CEO Air Max 90 Em

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Buffett has said Berkshire plans to split his job into three parts with Nike Air Max Excellerate Women's a CEO, a chairman and several investment managers. And he has said his son Howard, a member of Berkshire's board, would make an ideal chairman.

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for successor.

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Buffett's stake in Berkshire Hathaway was worth more than $43 billion as of December.

None of the three has been identified.

The AFL CIO, as a major investor, has proposed that Berkshire shareholders be able to vote at their annual meeting in May on whether the company should be compelled to disclose more specifics about its succession plan.

Co., International Business Machines Corp., Washington Post Co. and Wells Fargo Co.

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Although Buffett's investment success has made his a household name nationwide and made him a Wall Street oracle he still works in his hometown of Omaha and lives in a house he bought in 1958.

Buffett said then that last year's departure of a top executive, David Sokol, did not affect the board's choice Nike Air Max 90 Ultra Essential Wolf Grey

Berkshire owns more than 80 companies, including clothing, furniture, brick and jewelry firms. Its insurance, railroad and utility businesses typically account for more than half of its net income. It also has major investments in such companies as American Express Air Max 90 Prm Digi Camo

"I will let shareholders know immediately should my health situation change," he wrote. "Eventually, of course, it will; but I believe that day is a long way off."

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OMAHA, Neb. (AP) Warren Buffett told his company's shareholders in an open letter Tuesday that he has been diagnosed with early stage prostate cancer.

Buffett is known for a no nonsense approach to investing. He is one of the world's richest men and, in recent years, has become one of its most generous philanthropists.

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Buffett concluded his letter with a nod to that fact.

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The 81 year old billionaire investor and CEO of Berkshire Hathaway Inc. said his condition is "not remotely life threatening" or debilitating. He said he and his doctors have decided on a two month treatment plan that is to begin in mid July.

Many prostate cancer patients with slow growing tumors can live their whole lives without symptoms or treatment, according to the American Cancer Society. Many die of something else before the cancer kills them.

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