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BUFFETT WILL REMAIN BERKSHIRE CHAIRMAN BUT SHARES FALL AFTER ABEL NAMED CEO

  • NEWS Desk Global
  • 2 days ago
  • 1 min read



Warren Buffett will stay on as chairman of Berkshire Hathaway after Vice Chairman Greg Abel takes over as chief executive officer, the conglomerate said on Monday.

Berkshire shares fell as much as 6.8% in Monday trading, after the 94-year-old Buffett announced on Saturday that he would step down as CEO, ending six decades at the helm for the legendary investor.

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