Warren Buffett has stepped aside. Berkshire is now Greg Abel’s show
Warren Buffett has stepped down as CEO of Berkshire Hathaway, handing leadership to Greg Abel, who will lead the company's annual shareholder meeting for the first time. While Buffett remains chairman and a symbolic figure, Abel now faces the challenge of guiding the $1.03 trillion conglomerate amid investor caution and underperformance relative to the S&P 500. The transition marks a new era for Berkshire, with questions surrounding capital allocation, stock buybacks, and strategic direction under Abel’s leadership.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountBerkshire Hathaway BRK-B-N shareholders making the pilgrimage to Omaha, Neb., for the conglomerate’s annual shareholder weekend will find much that looks familiar.Discount shopping. The 5K run. Tens of thousands of like-minded investors and Berkshire fans. It is by far the largest shareholder gathering in corporate America.Warren Buffett will be there. But for the first time in 60 years, the spotlight will not be his.The weekend is the first since the Oracle of Omaha handed Berkshire’s CEO reins to Greg Abel, who will lead Saturday’s annual meeting. Buffett remains chairman and plans to listen from the audience.
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