The End of an Era for Berkshire Hathaway as Buffett Steps Down ...Middle East

Warren Buffett is retiring by the end of the year as CEO at the Berkshire Hathaway empire he has built and is recommending the board replace him with Greg Abel, an energy executive and dealmaker. At the very end of the Berkshire Hathaway annual shareholders’ meeting, Buffett, 94, said he would ask the conglomerate’s board to vote Abel, 62, as the chief executive to replace the Oracle of Omaha by the end of 2025. Buffett’s withdrawal from the $1.2-trillion Berkshire Hathaway he founded and managed with late business partner Charlie…

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