Billionaire investor Warren Buffett to step down after 60 years of leading Berkshire Hathaway
The announcement, following a five-hour question-and-answer period at the company's annual shareholders' meeting on Saturday came as a big surprise, as the 94-year-old had previously said he did not plan to retire.
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The announcement, following a five-hour question-and-answer period at the company's annual shareholders' meeting on Saturday came as a big surprise, as the 94-year-old had previously said he did not plan to retire.
READ MORE : http://www.euronews.com/2025/05/04/billionaire-investor-warren-buffett-to-step-down-after-60-years-of-leading-berkshire-hatha
Subscribe to our channel. Euronews is available on Dailymotion in 12 languages
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00:00Billionaire investor Warren Buffett on Saturday announced his intention to step aside and
00:06retire as CEO of his Berkshire Hathaway Group at the end of the year.
00:11The 94-year-old said he will recommend to the company's board on Sunday that Vice Chairman
00:17Greg Abel replace him.
00:19The time has arrived where Greg should become the chief executive officer of the company
00:30at the year-end.
00:31We'll go forward with that operation and we'll play with the Ouija board or whatever.
00:42Thousands of investors in the Omaha arena gave Buffett a prolonged standing ovation after
00:47the announcement.
00:49His resignation after 60 years of leading the company will bring to an end an incredible
00:55tenure in which he turned Berkshire from a failed textile company into a nearly 1 trillion euro
01:02corporation.