Asked a question about Berkshire Hathaway’s earnings power over the past financial year by a London-based economics professor at the company’s annual gathering of shareholders on 3 May, Warren Buffett conjured a soliloquy worthy of a Shakespearean comedy. His voice, as he approaches his 95th birthday on 30 August, sounded croaky. But he replied with…
Warren Buffett, 94, has recently announced that he will step down as the CEO of Berkshire Hathaway at the end of 2025. This will conclude an iconic six decade tenure. The Berkshire board has unanimously voted to appoint Greg Abel, 62, as President and CEO effective January 1, 2026. Buffett will continue to serve as…
Even though the eventual handover was known, Berkshire Hathaway shares fell more than 6% on Monday as its board reportedly voted to name vice-chairman Greg Abel as president and chief executive officer, starting next year after Warren Buffett announced his intention to hand over the baton. Also Read: Mint Quick Edit | Is Warren Buffett’s…
