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Warren Buffett Steps Down as Berkshire Hathaway CEO, Names Greg Abel as Successor

Warren Buffett Steps Down as Berkshire Hathaway CEO, Names Greg Abel as Successor

Author:

Global Cryptocurrency

Published:

2025-11-11 10:03:01

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Warren Buffett announced his departure as CEO of Berkshire Hathaway in a farewell letter, marking the end of an era for the 95-year-old investing legend. Greg Abel, previously Vice Chair of the Board, will take the helm. The transition underscores Berkshire's meticulous succession planning.

Buffett revealed plans to donate $149 billion of his Berkshire holdings to philanthropy, capping an eight-decade career that began with a $114 investment at age 11. His letter framed market volatility through Berkshire's lens: "We've fallen 50% several times, but always came back stronger." The analogy extended to America's economic resilience, with Buffett asserting that temporary declines precede greater comebacks.

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