Warren Buffett Taps Greg Abel as His Successor. What Investors Need to Know
Warren Buffett recently announced that he plans to step away as CEO of Berkshire Hathaway at the end of the year.
It's quite rare to come across major storylines related to the business world during the weekend. If a corporation, especially a public company, has something important to announce, it generally does so during the workweek. In many ways, these updates and the speculative narratives around them are what cause share prices to move.
But on Saturday, May 3, investors all around the world were hit with perhaps the biggest financial storyline of 2025 so far. And guess what? It had nothing to do with artificial intelligence (AI) or tariffs.
Of course, I'm talking about a major announcement made by Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett. Over the weekend, Berkshire held its annual investor conference. Per usual, investors worldwide gathered around and eagerly hung on Buffett's last word. Some lucky attendees even got the chance to speak to the Oracle of Omaha and ask him questions.
