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Tycoon has high praise for GM's boss

2014-05-06 08:17

WOMAN AT THE TOP: General Motors chief executive officer Mary Barra. Image: AP/Paul Sancya

OMAHA, Nebraska - Investor Warren Buffett says General Motors’ new CEO Mary Barra would do a great job running any business, the Detroit News reports.

"She is the best person to handle the company’s recall problems," the icon of the business world told AP.

Speaking on CNBC radio on Monday, the DetNews reported, Buffett said he was impressed by Barra when he met her at a conference towards the end of 2013.


Barra became GM’s top executive and the first woman to lead a major automaker in January 2014. That’s when a deadly ignition switch problem began to surface.

GM has recalled 2.6-million cars and admitted knowing about the problem for more than a decade. Barra says she learned of it in December 2013.

Buffett’s Berkshire Hathaway Incorporated owns 40-million General Motors shares but Buffett said he didn’t make the investment - that was done by one of Berkshire’s two other investment managers, Ted Weschler.

Read more on:    general motors  |  mary barra  |  warren buffet  |  recall  |  ceo

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