Warren Buffett Resigns as CEO

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Warren Buffett

Insider

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US Politics

Here's how business leaders like Bill Gates and Mark Cuban are reacting to Warren Buffett stepping down

Summary

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81% Informative

Warren Buffett announced he is stepping down as Berkshire Hathaway 's CEO at the end of the year .

He has recommended that Greg Abel , a vice chair at the company, succeed him.

Buffett , 94 , made the announcement on Saturday during the company's annual shareholder meeting in Omaha , Nebraska .

Ron Olson Olson , a Berkshire Hathaway board member, told CNBC that Buffett has "lived a life full of surprises" Howard Marks , a co-chairman of Oaktree Capital Management , said it is "impossible" for anyone to measure up to Buffett .

American Express chairman and CEO Stephen Squeri told Business Insider that Buffett "has had one of the most storied careers in the history of American business".

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semi-formal

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English

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