US EditionWarren Buffett to Retire as Berkshire CEO, Greg Abel to Take Over
- Warren Buffett, 94, announced at Berkshire Hathaway's 2025 Omaha meeting he plans to retire as CEO at year end and recommend Greg Abel to succeed him.
- Buffett made this decision after leading Berkshire for 60 years and previously stating he had no plans to retire, which shocked many shareholders.
- Greg Abel, who manages all of Berkshire Hathaway’s operations outside of insurance, is recognized as an effective leader who values the independence of the company’s various business units and is expected to be a more involved CEO.
- At the meeting, Buffett warned that tariffs risk global instability and trade should not be used as a weapon, highlighting $347.7 billion cash Berkshire holds for future opportunities.
- Shareholders like Steven Check express confidence in Abel and Berkshire’s self-running businesses, while investors expect the company to benefit from crises despite current market stability.
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Warren Buffett Announces Intention to Retire by End of 2025
Investor and billionaire Warren Buffett told an arena full of shareholders on May 3 that he will retire by the end of the year, capping off roughly six decades of running his Berkshire Hathaway firm that made him a world-famous investor. Buffett said he will recommend his firm’s vice chairman, Greg Abel, to replace him in discussions with Berkshire Hathaway’s board on Sunday. “I think the time has arrived where Greg should become the chief execu…
·New York, United States
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Total News Sources532
Leaning Left99Leaning Right54Center188Last UpdatedBias Distribution55% Center
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R 16%
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