Buffett’s 94th Birthday Retirement Shocks No One, Raises Questions
At the Berkshire Hathaway annual meeting, Warren Buffett, after a six-decade run, announced his retirement at year’s end, recommending Vice Chairman Greg Abel as his successor. Abel, already managing Berkshire’s non-insurance businesses, will assume full CEO duties. Buffett, pledging to maintain his full Berkshire Hathaway investment, expressed confidence in Abel’s leadership, believing Berkshire’s prospects will improve under his management. The news was met with a standing ovation from thousands of attendees, marking the end of an era for the influential investor and his company.
John Q. Hosedrinker