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News in English (USA) / 15.05.2025 / 03:00

Warren Buffett Steps Down as CEO of Berkshire Hathaway, Passing the Torch to Greg Abel

Warren Buffett, the legendary investor known for his long tenure at the helm of Berkshire Hathaway, has officially stepped down from his position as CEO, citing feelings of age as a significant factor in his decision. At 94 years old, Buffett has chosen Greg Abel as his successor, who will now lead the company as it transitions into a new era. While Buffett remains involved as chairman, he expressed confidence in Abel, stating he is a natural leader. This change in leadership raises questions about the future direction of Berkshire Hathaway and how Abel will manage the substantial cash stockpile of $350 billion. Analysts are particularly curious about the potential shift in company policy regarding dividends, a strategy Buffett had maintained throughout his career. As investors reflect on Buffett’s legacy, they are left to ponder what Berkshire Hathaway will look like under Abel’s guidance and whether the company will pay dividends for the first time. Amidst these discussions, Buffett shared his sentiments about his retirement and the significance of his long-standing investment strategies.
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