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📈   Buffett To Step Down As Berkshire CEO At Year-End As Cash Hoard Hits Record $348 BIllion

politics

It's the end of an era at America's largest hedge fund/private equity/insurance float-cum-rollup conglomerate, whatever you want to call it: Warren Buffett just announced during the Berkshire annual pilgrimage to Omaha that he is stepping down as CEO of Berkshire at the end of the year, and that Greg Abel, the vice chairman for non-insurance operations who has been groomed over the past decade for just this moment, will take over the conglomerate. The news was greeted with a standing ovation by the thousands of Berkshire shareholders who were present at Omaha's Convention Center.

ZeroHedge Opinion     May 04, 2025