Warren Buffett reveals to WSJ why he’s stepping down from Berkshire Hathaway
CNN
At 94 years old, Warren Buffett stunned the investor world when he announced he was stepping down as CEO of Berkshire Hathaway.
At 94 years old, Warren Buffett stunned the investor world when he announced he was stepping down as CEO of Berkshire Hathaway. But he had a simple answer for why he decided to hand over the position to Greg Abel at the end of the year. “There was no magic moment,” Buffett said to The Wall Street Journal in an interview published Wednesday. “How do you know the day that you become old?” Abel, the CEO of Berkshire Hathaway Energy and the vice chairman of non-insurance operations of Berkshire, is slated to succeed Buffett at the start of 2026. Buffett said in the annoucement he will remain as chairman until his death. “I didn’t really start getting old, for some strange reason, until I was about 90,” he continued to WSJ. “But when you start getting old, it does become—it’s irreversible.” Some of those symptoms, he said: losing his balance, having difficulty recalling names, a harder time reading the newspaper.
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