Warren Buffett steps down as Berkshire Hathaway CEO after six decades - News Summed Up

Warren Buffett steps down as Berkshire Hathaway CEO after six decades


Greg Abel faces the challenge of taking over Berkshire Hathaway from the legendary Warren Buffett . Along the way, Buffett bought and sold hundreds of billions of dollars of stocks and profited handsomely from his famously long-term bets on companies like American Express, Coca-Cola and Apple. Investors will be watching closely to see what changes Abel might make in Berkshire’s trajectory, but don’t expect any seismic shifts. AdvertisementSome changes are likelyCFRA Research analyst Cathy Seifert said it is natural for Abel to make some changes in the way Berkshire is run. Currently, Berkshire only repurchases shares when Buffett thinks they are a bargain, and he hasn’t done that since early 2024.


Source: Los Angeles Times January 01, 2026 07:15 UTC



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