Buffet told the group’s annual shareholder meeting on Saturday that he would step down as chief executive at the close of 2025, handing over the reins to vice chairman Greg Abel, already known to be his anointed successor. “I would still hang around and could conceivably be useful in a few cases, but the final word would be what Greg said in operations, in capital deployment, whatever it might be,” said Buffett at the meeting in Omaha, Nebraska. Previously, 94-year-old Buffett, known as the “The Oracle of Omaha” because of the influence he wields in business and financial circles, has always maintained he has no plans to retire.
Author: Al Jazeera
Published at: 2025-05-03 20:38:11
Still want to read the full version? Full article
