Reported 1 day ago
Warren Buffett announced that he will step down as CEO of Berkshire Hathaway at the end of the year, recommending Greg Abel, the current vice chairman, as his successor. Buffett has led the company since 1970, during which it has seen substantial growth. Abel, who has been with Berkshire since 1999, is set to take over after Buffett's recommendation is discussed by the board on May 4. Despite stepping down, Buffett plans to remain involved to some extent.
Source: YAHOO