Warren Buffett plans to step down as Berkshire CEO
The legendary investor expects turn reins over to Vice Chair Greg Abel.
Up up to now: 5:50 p.m. ET
Warren Buffett, the long-time CEO of conglomerate big Berkshire Hathaway (BRK.A) and (BRK.B) , announced Saturday he will step down potentially by the tip of the yr.
Buffett has been one in every of the most a hit merchants of all time, well-liked for evaluating prospects from a price point of disclose as a replacement of chasing hot stocks.
Buffett sprung his announcement at the tip of Berkshire's annual assembly, held as always in Omaha, Neb., where Berkshire depends.
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