Berkshire Hathaway’s board unanimously approved Greg Abel as president and CEO effective January 1st, 2026, according to CNBC. The company confirmed that 94-year-old Warren Buffett will remain chairman. With Buffett staying on as chairman, shareholders may find reassurance in his continued guidance on major acquisitions during volatile markets, as Berkshire holds over $347 billion in cash. Berkshire shares fell about 2% in premarket trading after Buffett announced he would step down as CEO and the company posted disappointing earnings. Shares closed at a record high on Friday with a market value exceeding $1.1 trillion, outperforming the broader market.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Berkshire Hathaway's board unanimously proved Greg Abel is president and CEO effective January 1st,
00:072026, according to CNBC. The company confirmed that 94-year-old Warren Buffett will remain
00:12chairman. With Buffett staying out as chairman, shareholders may find reassurance in his
00:16continued guidance on major acquisitions during volatile markets, as Berkshire holds over $347
00:21billion in cash. Berkshire's shares fell about 2% in pre-market trading after Buffett announced
00:26he would step down as CEO, and the company posted disappointing earnings. Shares closed at a record
00:31high on Friday, with a market value exceeding $1.1 trillion, outperforming the broader market.
00:37For all things money, visit Benzinga.com slash GSTV.