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Why Berkshire Hathaway Stock Is Sinking Today

Upworthy Monday, 5 May 2025 ()
In This Article: Key Points - Warren Buffett will step down as CEO at the end of this year. - The board unanimously voted for Greg Abel to replace him. - The transition should be relatively smooth as Buffett intends to stick around to help with any major decisions. Shares of Berkshire Hathaway…
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Video Credit: Oneindia - Published
News video: Buffett Steps Down: What Happens to Berkshire’s $348 Billion Empire Now? | | Who’s the New CEO?

Buffett Steps Down: What Happens to Berkshire’s $348 Billion Empire Now? | | Who’s the New CEO? 03:08

Warren Buffett has announced he’ll step down as CEO of Berkshire Hathaway by the end of 2025, naming Greg Abel as his successor. Abel, a 30-year veteran of the firm, will inherit control of Berkshire’s $348 billion cash reserves and $1.16 trillion empire. The news broke during the annual...

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