In a surprising announcement, Warren Buffett revealed his plans to retire as CEO of Berkshire Hathaway by the end of the year, concluding a remarkable six-decade tenure. The announcement shocked shareholders, shifting the mood from disbelief to gratitude as Buffett endorsed Greg Abel, the current vice chairman, as his successor. Business leaders and peers have praised Buffett as a defining figure in American capitalism, with many expressing their admiration for his contributions. As the company prepares for this leadership transition, Buffett remains optimistic about the future of Berkshire Hathaway.