Season 1 · Episode 8157
Warren Buffett shocks shareholders by announcing his intention to retire
Warren Buffett resigns as CEO of Berkshire Hathaway
Daily SumUp · Daily SumUp
May 4, 20251m 24s
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Show Notes
Mr Buffett said he will recommend to Berkshire Hathaway’s board that Greg Abel should become chief executive at the end of the year.
“I think the time has arrived where Greg should become the chief executive officer of the company at year end,” Mr Buffett said.
Mr Abel has been Mr Buffett’s designated successor for years, and he already manages all of Berkshire’s noninsurance businesses.
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