Berkshire Hathaway Inc. shares fell over 6% on Monday as the market reacted to Warren Buffett's unexpected retirement announcement, forcing investors to contemplate the company's future direction following his historic 60-year leadership tenure.Buffett, waited until the final moments of...
The board of Berkshire Hathaway voted unanimously to approve 62-year-old Greg Abel as the company's next president and CEO, while current chief executive Warren Buffett will stay on as the chairman, CNBC's Becky Quick reported on Monday, citing sources familiar with the vote.Abel, who...
Berkshire Hathaway CEO Warren Buffett announced he will step down from his post at the end of the year. He also revealed he will propose the current Vice-Chair Greg Abel to take over as the new CEO."Tomorrow, we’re having a board meeting of Berkshire, and we have 11 directors. Two of the...
Berkshire Hathaway Chairman Warren Buffett stated Saturday that the United States is "operating at a fiscal deficit that's unsustainable."Answering a question about the Department of Government Efficiency's (DOGE) long-term impact on the health of the US economy, Buffett stressed bureaucracy...
Billionaire Berkshire Hathaway Chairman Warren Buffett acknowledged a sharp decline in insurance underwriting results during the first quarter, stressing that the business is "unpredictable as always." Despite the dip, he emphasized Berkshire's long-term strength in the sector. "We have a...
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