they've always talked so much about how important ajit jain is to the operation in a letter warren wrotef we were all in a boat, swim to ajit because he's able to take over ajit jain is 66 years old. he runs the reinsurance operations there both of them are key members of the team but it's a good question is this a horse race is one in position to be a ceo in would this be a structure like we've seen with the investment side of operations. he has two people running major parts of portfolio for him, each of whom have about $12 billion they're each managing now out of a portfolio north of 1$120 billion. the release does say neither charlie nor warren buffett are going anywhere they will continue in their position and will continue to manage money but this does solidify what people thought the potential situation is i'm not sure what the answer is. we'll have to ask mr. buffet >> interesting yeah putting so much authority in the hands of very young men. they're youthful, both of them what did you say, 55 and 66? both of them, you know, very youthful >> at the peak of their career >> yes >>

the board of directors aided two new members, gregory abel and ajit jain.adcast yesterday buffett said the movement is part of a succession over time. he's 87 years old and for now will retain his position as chairman. >>> diet coke is getting a makeover. coca-cola is adding slimmer diet coca-cola cans. coke says the taste of regular diet coke will remain the same. they say it's an effort to appeal to millennials. diet coke sales have fallen as people have switched to over low calorie drinks. >> they dropped off a sample pack yesterday and by the time i saw it, they were gone. we have a lot of millennials working here, so perhaps this is a good move for them. diane king hall at the new york stock exchange. thank you so much, diane. >> all righty. >>> still ahead, air travel taxi. a peek into the consumer electronics show. . neutrogena® rapid wrinkle repair® works in just one week. with the fastest retinol formula available. it's clinically proven to work on fine lines and wrinkles. one week? that definitely works! rapid wrinkle repair®. and for dark spots,

you are talking about two people who are considerably younger than warren buffett is ajit jain is 66,l is 55. these are two people who have a lot of experience with berkshire hathaway, know the company very well but obviously, much younger than either charlie or warren them being on the board, i think, would be an important issue, too, because they would get to know a lot of the just operations about how the company works, the culture of things they may not have had as much experience in. they have been around a long time, they know the directors very well, but they'll get a deeper peek into some of the areas maybe they haven't spent time on before i don't know for sure what he means. he said there is one person that the board would go to today if something were to happen overnight. >> great stuff as always, becky. thanks for sticking around becky quick, safe travels home from omaha >> meantime, the nasdaq snapping its best start to the year since '06 as stocks hit a pause today. for more on where we're headed, we're joined by the number one long-term timer for 2017, tom mcclellan, ed

. >>> in other corporate news, berkshire hathaway ajit jain reports $109 million in the company's stockor for warren buffet. now that he's been added to the board, along with greg able, they have to disclose all of that, and over the years he's built up $109 million in ownership shares of berkshire. >> pretty -- that's much more than i have in berkshire. >> particularly when you consider berkshire doesn't issue shares anything he got he paid for himself. >> much more much more than me. it's not even -- not in the club. >> not even comparable >>> russian leader vladimir putin is shirtless whoa think if i missed an r >> taking a dip. >> taking a dip in the frigid cold waters of lake selega part of a celebration of epiphany. >> wait a second, epiphany was january 6th. >> yeah. >> maybe it was some kind of awak awakening. >> it's the ort thouhodox church they emphasize the physical fitness of the president he is fit. i'm -- i, like have, most of my bathing suits are two piece at this point. >> no berther controversy there. >> coming up when we return, joe kern kernen, potentially shirtless?

. >> in the meantime, warren buffett announced berkshire hathaway is adding greg ahbel and ajit jain >> when i'm not ceo there will be another ceo and how that ceo will organize things will be up to him he'll figure out the best way and it won't change very much. it will change a little but not very much. >> joining us now is berkshire shareholder john rogers who is chairman, ceo and cio of ariel investments. great to see you. >> thanks for being here. >> john, you've bonn to the berkshire shareholder meetings for 15 years what did you think of this announcement yesterday in terms of succession planning >> i thought it was classic warren to really have a great game plan for the future, realizing that, you know, as he said, ten years from now, 15 years from now there will be change so putting people in place makes sense and making it clear to the world who will be able to be in place and give them a chance to run these businesses and be in charge was a terrific idea. >> and the way this is rolled out, you see who the potential successors are, their names are very familiar to berkshire