Name: Berkshire Shares Fall After Abel Named CEO
Uploaded: 2025-05-06T09:58:17.000Z
Description: Warren Buffett is stepping down as CEO of Berkshire Hathaway after six decades, but will remain chairman. Greg Abel will take the reins as CEO from Jan. 1. The surprise announcement sent Berkshire shares tumbling nearly 7 percent, overshadowing earnings already impacted by wildfire insurance losses.

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Warren Buffett is stepping down as CEO of Berkshire Hathaway after six decades, but will remain chairman. Greg Abel will take the reins as CEO from Jan. 1. The surprise announcement sent Berkshire shares tumbling nearly 7 percent, overshadowing earnings already impacted by wildfire insurance losses.