Jamie Dimon says Buffett “represents everything that is good about North -American capitalism, as Tim Cook praises him and successor Abel

• Warren Buffett attracted numerous tributes After his surprise Saturday’s announcement he plans to abandon as Berkshire Hathaway CEO by the end of the year. Jpmorgan’s CEO, Jamie Dimon, said he “represents everything that is good about American capitalism.” Apple CEO Tim Cook praised Buffett and his successor, Greg Abel.

The main delegated directors praised Warren Buffett after the legendary investor said on Saturday he plans to leave as Berkshire Hathaway’s head at the end of the year.

Buffett said Berkshire Hathaway Energy CEO Greg Abel should take off As responsible for the General Conglomerate, the impressive shareholders at the annual conference.

The “Oracle of Omaha” presented numerous tributes, including one of Jpmorgan chase CEO JAMIE DIMON.

“Warren Buffett represents everything that is good about North -American capitalism and America: investing in the growth of our nation and its business with integrity, optimism and common sense,” he said, According to Reuters. “I have learned a lot from him to that same day and I am honored to shout the friend.”

Apple’s CEO, Tim Cook, also reacted to the surprise announcement. Berkshire started buying Apple shares in 2016 and constantly added more shares.

While Berkshire sold more than half of his participation in Apple Stock last year, the iPhone maker is still the largest position in his portfolio.

“There has never been someone like Warren, and many people, including, have inspired me in their wisdom,” Cook published X. “He has been one of the great privileges of my life to know him. And there is no doubt that Warren leaves Berkshire on the big hands with Greg.”

Before a Saturday’s shareholder meeting, Buffett praised Cook, saying that “Berkshire has made it much more than I did Berkshire”, although he added that “nobody else than Steve (Jobs) could have created Apple, but no one else could have developed as he had.”

Not only was the shareholders surprised Buffett, neither Abel nor most council members knew that the announcement would make. Buffett said only their children who serve as counselors were prior knowledge.

“I was surprised, but I am impressed,” said Council member Ron Olsen CNBC. “Warren has lived a life full of surprises, very few of his decisions have been anything that is not sensational.”

CFRA analyst, Cathy Seifert, told the Associated press This Buffett decision was probably very hard, but it is better to leave its terms.

“I think there will be an effort to maintain an” as usual “environment in Berkshire,” he added. “This is yet to be determined.”

Meanwhile, J Stern & Co, Investment Director, Christopher Rossbach, whose firm is a Berkshire shareholder, fought tears as he reacted to the news.

“This is absolutely monumental,” he told the Financial time. “Berkshire Hathaway is an incredible business and incredible success. It’s all that is best about capitalism and North -Americans.”

This story originally presented to Fortune.com