Editor’s note: This story has been updated to reflect that the announcement was made on Saturday at the Berkshire Hathaway annual meeting.
Warren Buffett shocked attendees at the Berkshire Hathaway Inc. (NYSE:BRK) annual meeting on Saturday by announcing that he will step down as CEO by the end of the year, with Greg Abel set to succeed him.
What Happened: The Associated Press reports that Buffett stated, “I think the time has arrived where Greg should become the chief executive of the company at year end.” Buffett will turn 95 on August 30.
Buffett’s retirement marks the end of a 60-year tenure during which he transformed Berkshire …
Full story available on Benzinga.com
Editor’s note: This story has been updated to reflect that the announcement was made on Saturday at the Berkshire Hathaway annual meeting.
Warren Buffett shocked attendees at the Berkshire Hathaway Inc. (NYSE:BRK) annual meeting on Saturday by announcing that he will step down as CEO by the end of the year, with Greg Abel set to succeed him.
What Happened: The Associated Press reports that Buffett stated, “I think the time has arrived where Greg should become the chief executive of the company at year end.” Buffett will turn 95 on August 30.
Buffett’s retirement marks the end of a 60-year tenure during which he transformed Berkshire …
Full story available on Benzinga.com
Editor’s note: This story has been updated to reflect that the announcement was made on Saturday at the Berkshire Hathaway annual meeting.
Warren Buffett shocked attendees at the Berkshire Hathaway Inc. (NYSE:BRK) annual meeting on Saturday by announcing that he will step down as CEO by the end of the year, with Greg Abel set to succeed him.
What Happened: The Associated Press reports that Buffett stated, “I think the time has arrived where Greg should become the chief executive of the company at year end.” Buffett will turn 95 on August 30.
Buffett’s retirement marks the end of a 60-year tenure during which he transformed Berkshire …Full story available on Benzinga.com Read MoreBRK, News, Hot, Markets, BRK, News, Hot, Markets, Benzinga Markets
