Warren Buffett Taps Greg Abel
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As the two-hour afternoon session of Berkshire Hathaway’s annual shareholder meeting wound to a close, the conglomerate’s chief of 60 years declared that he’d just gotten the “five-minute warning, exclamation point,
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Warren Buffett’s successor is expected to officially be the new Berkshire Hathaway CEO at the end of this year.
Warren Buffett’s retirement as CEO overshadowed Berkshire Hathaway’s results. While wildfire losses hurt results, GEICO saw marked improvement, and the cash hoard grew.