Reported about 6 hours ago
Berkshire Hathaway's stock plummeted nearly 6% after Warren Buffett announced he would retire as CEO at the end of 2025. Despite the drop, shares are still up almost 13% this year. Buffett will remain as chairman, while Greg Abel, the current chairman and CEO of the energy division, will take over as CEO. Abel aims to maintain the company's longstanding investment philosophy while fostering better collaboration among management. Buffett believes Abel will lead the company to greater success.
Source: YAHOO