Reported 2 days ago
Warren Buffett, the 94-year-old CEO of Berkshire Hathaway, announced his retirement at the company's annual shareholder meeting, effective at the end of this year. As the company has transitioned day-to-day responsibilities to Greg Abel, Buffett reflected on his legacy, highlighting the strong performance of the company under his leadership since 1965, with shares gaining nearly 20% annually compared to the S&P 500's 10%. The announcement signals a significant change for Berkshire's shareholders, who have long anticipated this moment.
Source: YAHOO