Reported about 20 hours ago
In an unexpected announcement on May 3, 2025, Warren Buffett revealed he will retire as CEO of Berkshire Hathaway at the end of the year, marking the end of his 60-year leadership that transformed the company into a trillion-dollar conglomerate. Buffett endorsed Greg Abel, currently Vice Chairman, as his successor, stating that the company is in good hands. The announcement surprised shareholders, who greeted it with a standing ovation.
Source: YAHOO