Warren Buffett to Remain Berkshire Hathaway Chairman
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Buffett shocked the investing world Saturday when he said at Berkshire’s annual meeting that he planned to retire as chief executive at the end of the year and cede the role to Greg Abel. Buffett had said years earlier that Abel was on deck to succeed him, but many observers had thought the acclaimed stock picker would remain CEO until his death. Warren Buffett said he has recommended Berkshire Hathaway’s Vice Chairman Greg Abel to become the CEO in 2026.
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