đź’¨ Abstract
Warren Buffett will remain as the chairman of Berkshire Hathaway, despite stepping down as CEO. The decision was made by the board of directors after Greg Abel, vice chairman, was approved as the new CEO, effective from 2026. This move aims to relieve investors concerned about Berkshire's performance amid tariff shocks, financial turmoil, and potential recession.
Courtesy: wtop.com
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