""I will continue talking to you and my children about Berkshire via my annual Thanksgiving message," he wrote. "Berkshire's individual shareholders are a very special group who are unusually generous in sharing their gains with others less fortunate. I enjoy the chance to keep in touch with you. Buffett also hailed his planned successor, Greg Abel.""
""I can't think of a CEO, a management consultant, an academic, a member of government - you name it - that I would select over Greg to handle your savings and mine," he wrote. He revealed he would keep a "significant amount" of his Berkshire stock until his shareholders "develop the comfort with Greg that Charlie and I long enjoyed," but added that he didn't expect that process to take long."
Warren Buffett will step down as CEO of Berkshire Hathaway at the end of the year after six decades in charge. He plans to continue connecting with shareholders through an annual Thanksgiving message and will retain a significant amount of Berkshire stock until shareholders develop comfort with his successor, Greg Abel. Buffett expressed strong confidence in Greg Abel's ability to manage shareholder savings and praised the generosity of individual Berkshire shareholders. He reflected on his longevity and a near-fatal childhood appendectomy in 1938, recalled ties to Omaha and close associates, and wished readers a happy Thanksgiving.
Read at Business Insider
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