Reported about 6 hours ago
Warren Buffett will remain as chairman of Berkshire Hathaway after naming Greg Abel as CEO, a move that surprised markets and led to a 6.8% drop in shares. As Buffett, who has led the company for 60 years, steps down from the CEO role, concerns about the company's future were fueled by disappointing quarterly results. Abel will take over on January 1, 2026, with Buffett assuring shareholders he has no intention of selling his shares, which makes up the bulk of his wealth.
Source: YAHOO