Reported 2 days ago
Warren Buffett, the renowned CEO of Berkshire Hathaway, has announced his plan to step down by the end of the year, with Greg Abel set to succeed him. At 94 years old, Buffett, who is celebrated for his value investing strategy, revealed this decision at Berkshire's annual meeting in Omaha. He aims to remain involved post-transition, helping with major decisions, while advocating for free trade during the meeting. Buffett has been a pivotal figure in Berkshire's growth since taking over in 1965, and his resignation marks a significant shift for the conglomerate.
Source: YAHOO