The Oracle of Omaha sees a bright future for Brian Moynihan.
The New York Post reports that Warren Buffett on Tuesday signaled that he would line up against Bank of America shareholders and two proxy advisory firms, and back a controversial bank move to have Moynihan keep both his chief executive officer and chairman titles.
'If I could vote, I would vote as management suggests, which is to have Brian take on the CEO and chairman job', Buffett said during an interview on CNBC.
'He’s done a first-class job', the 85-year-old Berkshire Hathaway CEO added.
The bank last October gave Moynihan both titles — a move that was seen by many as dissing shareholders, who five years earlier voted to keep the posts separate.
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