Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Warren Buffett Steps Down as CEO of Berkshire Hathaway, and Greg Abel Takes Over
Recommend 0 Positive 3 Negative 1 |
||||
|
||||
|
Warren Buffett handed over the CEO position of his investment flagship Berkshire Hathaway (BRK.A.US)(BRK.B.US) to Greg Abel starting New Year's Day, ending his six-decade leadership tenure, CNBC reported. Buffett had previously stated that he would remain quiet after stepping back, indicating reduced public exposure, although he retains the position of Chairman of Berkshire's board. Abel will be responsible for writing the company's annual shareholder letter, continuing the tradition since 1965, while Buffett will continue to write Thanksgiving messages. Market attention is shifting to the approximately US$300 billion stock portfolio, with some analysts expecting the company may eventually shrink active stock selection, especially considering the size and concentration of the portfolio. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
