🔥🚨 WARREN BUFFETT TO STEP DOWN AS BERKSHIRE CEO—END OF AN ERA! 🚨🔥
Warren Buffett, the 94-year-old “Oracle of Omaha,” announced at Berkshire Hathaway’s 60th annual meeting that he will recommend stepping down as CEO by year-end, endorsing Greg Abel as his successor.
📅 Timing Shock: Buffett’s reveal came unexpectedly during the Q&A—Abel himself learned he’d be CEO-in-waiting only moments before.
🏆 Legendary Track Record: Under Buffett’s six decades at the helm, Berkshire’s “A” shares rocketed to $809,808.50, transforming a textile firm into a $700 billion+ conglomerate.
💼 Greg Abel Takeover: Abel, Vice Chair of non-insurance operations, already oversees businesses from energy to manufacturing—and now gets Buffett’s blessing to lead.
👏 Standing Ovation: The announcement drew a prolonged, emotional standing ovation from ~40,000 shareholders, including Hillary Clinton and global investors
💬 Buffett’s Promise: He’ll remain on the board, keep his Berkshire shares, and “may offer advice,” but insists it’s time for fresh leadership
💰 Cash Mountain: Despite a 14% drop in operating earnings, Buffett’s cautious stance leaves Berkshire with a record $347.7 billion cash reserve—capital for Abel’s arsenal
🌍 Global Impact: Buffett used his final remarks to slam Trump-era tariffs, warning they undermine global trade and investor confidence
🔮 Looking Ahead: Will Abel maintain Buffett’s value-investing ethos, or unleash new growth engines? The market’s watching every move—Berkshire stock held near record highs on the news
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💬 COMMENT: What’s your prediction for Abel’s first big move?
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