derstandard
US Investor Warren Buffett to Step Down from Leadership of His Holding Company
The 94-year-old has announced his retirement. Greg Abel is set to take over as his successor by the end of the year.
2025-05-04 16:55:08
Business
Warren Buffett's Legacy and Leadership Transition
Warren Buffett, the iconic investor, has announced his retirement at the age of 94, concluding a remarkable 60-year tenure at the helm of Berkshire Hathaway. His successor, Greg Abel, will take over by year's end, inheriting a company that has delivered an impressive annual return of 19.9%.
Buffett emphasized the importance of thoughtful trade policies, cautioning against using commerce as a weapon. Despite concerns surrounding environmental impacts, the recent shareholders' meeting showcased a positive atmosphere, filled with various products.
As Abel prepares to lead, he faces significant decisions, particularly with the company holding $350 billion in cash. This transition marks a significant moment in the investment world, as Buffett's influence has shaped the industry for decades.
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EuroNews
Star investor Warren Buffett retires after 60 years at the helm of Berkshire Hathaway
The legendary investor Warren Buffett announces his retirement after 60 years at the helm of Berkshire Hathaway. His designated successor is Greg Abel, who previously led the company's non-insurance businesses. Buffett also warned of the global consequences of US President Trump's trade policy and stated that trade should not be a weapon. Under Buffett's leadership, Berkshire Hathaway achieved an annual return of 19.9%, significantly higher than the S&P 500 index.
n-tv.de
Change at Berkshire Hathaway: Buffett Steps Down After 60 Years 'at the Perfect Time'
Buffett hands over Berkshire Hathaway to Greg Abel. The shareholder meeting today resembles a fairground with overpriced products, and many visitors are buying plastic goods from China. Despite criticism regarding environmental impact, the meeting remains predominantly positive.
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