Warren Buffett is stepping down as CEO of Berkshire Hathaway at the end of this year. He will be succeeded by Gregory Abel, who joined the company in 2000. In a letter to shareholders, Mr. Buffett said he plans to give away most of his $150 billion fortune to his children’s philanthropic foundations. Despite announcing his retirement, Mr. Buffett plans to continue sending annual letters to shareholders and will keep working at the office five days a week. The company has been successful under Mr. Buffett’s leadership, transforming it into a $1 trillion juggernaut with holdings in various American industries such as railroads, energy businesses, retail shops, and blue-chip stocks.
Source: https://www.nytimes.com/2025/11/10/business/warren-buffett-berkshire-farewell.html