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The Digest:

Investment legend Warren Buffett has announced his resignation as CEO of Berkshire Hathaway, marking the end of an era for the trillion-dollar conglomerate. In his final annual message, the 95-year-old stated he is "going quiet" and will hand over leadership to Greg Abel at year's end, while remaining as chairman.

Key Points:
  • Warren Buffett will step down as CEO of Berkshire Hathaway after 60+ years.
  • He described his departure using the British phrase "I'm going quiet."
  • Greg Abel, CEO of Berkshire Hathaway Energy, will succeed him.
  • Buffett expressed full confidence in Abel's ability to lead the company.
  • The 95-year-old investor will remain as Chairman of the Board.
  • Buffett reflected on life lessons and legacy in his final CEO letter.
  • His net worth is estimated at $148.2 billion, ranking 10th globally.
This transition concludes one of the most remarkable careers in business history, passing stewardship of a defining American institution to a new generation while preserving its foundational values.

Rooted in the Storm.

Sources: TheCable
Tags: Warren Buffett, Berkshire Hathaway, CEO Resignation, Greg Abel, Business, Investment, NB Digest