Berkshire shareholders are 'stunned' as Warren Buffett announces plan to step down after 6 decades
Publishing timestamp: 2025-05-03 17:41:51
Summary
Warren Buffett announced his intention to step down as CEO of Berkshire Hathaway by the end of the year, surprising investors. He plans to ask the board to approve his request, marking the end of his six-decade tenure. Shareholders expressed their love and admiration for Buffett at the annual meeting, with some preparing for potential market changes following the announcement. Buffett's successor, Greg Abel, has been named, and the future of Berkshire Hathaway without Buffett at the helm is being closely watched by investors.
Sentiment: MIXED
Keywords: omaha, nebraska, markets, berkshire hathaway inc, investment strategy, breaking news: investing, business news, stock markets, breaking news: markets, business, warren buffett,