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Warren BuffettBerkshire Hathaway CEO, 94 (Brk.a, Brk.b), whose textile company controlled in 1965 and was transformed into a trillion trillion conglomerate, announced that it will be retired at the end of this year at the company’s annual meeting of shareholders in Omaha, Neb.
Due to the trends of thousands of attending shareholders, and the millions who have invested in the company and followed all Buffett movements, it was the announcement that feared them, but waiting for During the last years.
While Buffett has marked his day -to -day company based in Omaha and delegated these responsibilities to Greg Abel and Ajit Jain, he and Charlie MungerThe former Vice President of Berkshire who died in 2023, has been the face and foundation of the company for decades. Buffett asked the shareholders to name Abel, 62, who has been with the company for 25 years, to succeed him as CEO.
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