Warren Buffett, at age 94, has announced his resignation as CEO of Berkshire Hathaway after a remarkable 55-year tenure, during which he transformed the company from a struggling textile mill into a $1 trillion conglomerate. He revealed his plans to retire at the annual meeting in Omaha, where he received a warm farewell from shareholders. Buffett recommended Greg Abel, head of the company's non-insurance businesses, as his successor. Under Buffett's leadership, Berkshire's Class A stock experienced a staggering 5,500,000% increase, significantly outperforming the S&P 500 index.
Warren Buffett announced his resignation as CEO of Berkshire Hathaway after 55 years, planning for Greg Abel to take over and continuing the company's legacy.
Buffett's leadership has transformed Berkshire Hathaway from a failing textile mill into a $1 trillion conglomerate, showcasing an astonishing 5,500,000% gain in stock value.
Collection
[
|
...
]