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Buffett to retire as Berkshire chief at year end
Warren Buffett stunned Berkshire Hathaway shareholders by saying he will retire at year end and recommends Vice Chairman Greg Abel become chief executive. Abel has long been Buffett’s successor, while Ajit Jain stays to help with insurance. Buffett promises not to sell his Berkshire stock and praises Abel’s leadership as markets watch for future strategy.
MENTIONED IN THIS ARTICLE
Omaha
Nes
Warren Buffett
Berkshire Hathaway
Buffett
Greg Abel
Greg
Abel
Howard
Susie Buffett
Berkshire
Ajit Jain
Omar Malik
Hosking Partners
London
Warren
Malik
Cole Smead
Smead Capital Management
Charlie Munger
Steven Check
Check Capital Management
Check
Trump
Donald Trump
Hillary Rodham Clinton
Clinton
Devon Bisher
Bisher