BREAKING NEWS
By Staff Reporters
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According to the Washington Post, legendary investor Warren Buffett said Saturday that he plans to step down from his role leading Berkshire Hathaway. Warren, 94, serves as the conglomerate’s chairman and chief executive. He said Saturday that he will recommend to the Berkshire Hathaway board that Greg Abel become CEO at the end of 2025.
“I think the time has arrived where Greg should become the chief executive officer of the company at year end,” Buffett said at Berkshire Hathaway’s annual meeting in Omaha.
Abel is chairman and CEO of Berkshire Hathaway Energy. Buffett has previously signaled that Abel would be in line to succeed him as CEO.
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UPDATE: Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) on Saturday reported its worst drop in quarterly operating earnings since 2020, and noted “considerable uncertainty” around international trade policies and tariffs.
The sprawling conglomerate’s Q1 operating earnings slipped 14.1% Y/Y to $9.64B. This was the steepest fall in operating earnings since a 32.1% decrease logged in the third quarter of 2020
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Filed under: Breaking News, iMBA, Inc., Investing | Tagged: Berkshire Hathaway, Greg Abel, Omaha, Warren Buffett, Washington Post |















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