Billionaire Warren Buffett will be the chairman of Barkshire Hathaway when Vice Chairman Greg Abel will take over as CEO at the beginning of 2026.
The Board of Directors of the Cash -rich Association voted for the 5 -year -old investor to be the head of the board on Sunday, the decision to release the tariffs, financial turmoil and potential downturn over the exaggeration of Berkshaire.
At the same meeting, the board was approved as the CEO as the elected successor of the Board Buffet, the Executive Greg Abel, the veteran Berkshire, 62. In a wonderful announcement on Saturday, Buffett said he would resign from the top spot at the end of the year.
In the six decades of Helme, Buffette has made a Massachusetts textile company an expansion, but the Nimble is united, which owns everything from the Daily Queen to the BNSF Railway and the giant insurers. As the company grows up its stock is often overly out of the margins – for an average of 19.9% for 10.4% Standard & Poor 500
As the head of the board, the decision to continue with the so -called Age Six of Omaha came to imagine that Howard Buffet, a second -origin of three children, would move to that place. Veteran Buffett says that he wants Howard to take over as chairman after he dies.
A Vice-Chairman of the present will take over as CEO as CEO as big questions roam the organization. Buffet himself says that President Donald Trump’s tariff was a big mistake. There are also concerns that Berkshire may not be able to avoid the fate of most associations – forced to break up to recover the focus.
Then Berkshire has $ 348 billion cash.
Buffett says that he now does not see a lot of bids for investing in this money, not even Berkshaire’s own stock, but in Nebrasca Omaha, the company’s annual meeting of the company’s celebration of the weekend has assured that the company will one day be “bombing with the opportunity.”
A small Canadian Abell, including hockey, has been overseeing many-insurance business in Berkshire for years, but not deciding where to invest the company’s cash.
Buffett said that he would see his confidence in the habel where he was giving his money.
Buffett said, “I have no intention of selling a share of Berkshire Hathaway – zero.” The decision to hold every part is an economic decision because I think Berkshire’s possibilities will be better in the management of Greg than me. “
What to do with this personal fate, about 170 billion dollars, in the end, Berkshire’s chairman Howard Buffet will be in the hands of three children.
Howard was nominated as the director of the Buffette Trust with his siblings in June when he died and he said they would decide where they would donate. Buffett has already given billions of billions, Bill and Melinda are the most significant $ 40 billion for the Gates Foundation, starting by the French Gates.
Howard (1) has its own foundation through which he has donated billions to humanitarian and food security reasons, including assisting in El Salvadore and clearing Ukraine landmines.
Paying Buffett with his investment knowledge and Lokasi’s management style, the weekend came to the weekend.
Apple CEO posted on Tim Cook X, “No one was like Warren, and countless people were inspired by his knowledge.
JM Morgan CEO Jamie Demon says Buffett has presented “American capitalism and America itself” and praised his “honesty, optimism and general knowledge”.
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AP business writer Bernard Condon is in New York City. AP business author Michel Chapman contributed to New York City’s report.
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