Buffett Steps Down, Abel Takes Over: A New Era for Berkshire Hathaway
Update: 2025-11-27
Description
Warren Buffett, the renowned investment guru, steps down as CEO of Berkshire Hathaway, marking the end of an era. Greg Abel, his longtime associate, takes over, and Buffett will no longer write annual reports or speak at the annual meeting. He donates $1.35 billion in shares to charity and praises Abels capabilities, ensuring investors of a smooth transition.
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