Was reading through Businessweek's website when this news caught my eye.
Just sharing an excerpt for your reading.
source: http://images.businessweek.com |
Why Warren Buffett Revealed He Has Prostate Cancer
By Diane Brady on April 17, 2012
Despite his folksy manner, Warren Buffett is not a man who
likes to share intimate details of his life. So that makes his April 17
announcement that he has early-stage prostate cancer all the more
intriguing. After all, as the chairman and chief executive officer of Berkshire Hathaway (BRK/B)
stated, his doctors say the condition is “not remotely life-threatening
or even debilitating in any meaningful way.” In fact, he stressed in
the release, “I feel great—as if I were in my normal excellent
health—and my energy level is 100 percent.” He has a point: By the age
of 80, about 80 percent of men have some cancer cells in their prostate
gland, according to the Journal of the American Medical Association. If Buffett is like most men his age, he’s more likely to die with prostate cancer than from it.
So
why bother? The answer, most likely, is to quash rumors that something
more serious is going on. His disclosure is less an acknowledgement of
his mortality than of his celebrity. As an investor whose every move is
analyzed by people around the planet, the likelihood that Buffett could
undergo two months of radiation therapy without anyone noticing is
remote, if not impossible. Moreover, at 81, his mortality and succession
planning—or lack thereof—is already the subject of much speculation.
Any hint that he’s not thriving on a steady diet of steak and Cherry
Coke could send Berkshire Hathaway stock plunging if the company’s
iconic founder seems at all coy about his health. “It’s not a matter of
his illness, it’s his age,” says Charles Elson, a corporate governance
expert at the University of Delaware. Like a starlet caught touching her
tummy near a fertility clinic, Buffett knows all too well that he needs
to control the message before rumors put him on the defensive.
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