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Buffett's determination to measurement down caps a singular 60-year tally wherever helium transformed Berkshire from a failing textile institution into an tremendous conglomerate with businesses crossed the U.S. economy.
94-year-old main executive's determination to measurement down caps a singular 60-year run
Thomson Reuters
· Posted: May 03, 2025 2:35 PM EDT | Last Updated: 23 minutes ago
Warren Buffett said connected Saturday helium volition measurement down arsenic main enforcement of Berkshire Hathaway astatine the extremity of the year, and manus implicit the reins to vice-chair Greg Abel.
"I deliberation the clip has arrived wherever Greg should go the main enforcement of the institution astatine twelvemonth end," Buffett, 94, said astatine Berkshire's yearly meeting.
He said Abel hadn't been alert of his plans anterior to the announcement. Buffett besides said helium had "zero" volition of selling immoderate of his Berkshire stock.
Buffett's determination to measurement down caps a singular 60-year tally wherever helium transformed Berkshire from a failing textile institution into an tremendous conglomerate with businesses crossed the U.S. economy.
The quality was besides unexpected, though Buffett said helium had told his children astir his decision.
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