Warren Buffet And Goldman Sachs CEO Lloyd Blankfein Speak On Goldman's Detroit Investment Initiative

When Warren Buffett, one of the richest and most successful men on the planet, endorses the work you're doing, well, praise doesn't get much higher than that. In the case of embattled General Motors' CEO Mary Barra, we're sure Buffett's approval of her handling of the ignition switch recall is a nice change from the public criticism she's received since the scandal erupted.

Buffett, valued at $65.7 billion according to Forbes, told CNBC that Barra is in a "hotseat" but added that it's "not a hotseat of her own making." Buffett's company, Berkshire Hathaway, owns a $1.4 billion stake in GM.

According to CNN Money, meanwhile, Buffett called Barra, the first woman to run a major automaker, "dynamite." Buffett also told reporters that, "You couldn't have a better executive" at GM's helm, before adding that she's handled the recall well.

Take a look below for video from CNN Money of Buffett's remarks on GM.