Warren Buffett steps down: The end of an era at Berkshire

So, the moment everyone knew was coming, but perhaps didn't quite expect just yet, has arrived. At the grand spectacle often called the "Woodstock for Capitalists" in Omaha, Warren Buffett, after an incredible sixty years steering the ship, announced he's stepping down as CEO of Berkshire Hathaway by year-end. Let that sink in. Sixty years. Most of us haven't held a job, let alone led one of the world's most successful conglomerates, for that long. The announcement, dropped casually at the end of the marathon Q&A session, reportedly surprised even his successor-to-be, Greg Abel, and most of the board. It earned a minute-long standing ovation, a testament to the legendary

This article was originally published on May 04, 2025.