Buffett Resigns as Berkshire Chairman, Abel Takes Over

ManagementCorporate Action
โดย 24/7 Wall St.·US·Read original
Summary · why it matters

Warren Buffett is stepping down as chairman of Berkshire Hathaway effective immediately at age 96, becoming chairman emeritus while remaining on the board, with Greg Abel now running the company and Howard Buffett becoming chairman. Buffett took control of Berkshire in 1965 and compounded per-share market value at 19.7% annually from 1965 through 2025, versus 10.5% for the S&P 500 with dividends, producing a 6,099,294% cumulative gain against 46,061% for the index. Abel became chief executive in January and has already put Berkshire's cash to work, investing $10 billion in Alphabet's June private placement and accumulating roughly 106 million shares worth $37.8 billion by June 30, making Alphabet Berkshire's third-largest stock holding. Berkshire was a net buyer of stocks in the second quarter, investing $23.5 billion while selling $3.7 billion. Howard Buffett, a Berkshire director since 1993, becomes chairman as a guardian of the company's culture and values, while Abel retains responsibility for major capital-allocation decisions.

Impact on stocks 2

Energy Transition & Power Demand▲ · 1 stocks
Berkshire Hathaway Inc
BRK-B
± MixedCapitalrelevance

Buffett resigns as chairman effective immediately; Abel takes over running the company, a leadership transition with unclear net effect.

Artificial Intelligence▲ · 1 stocks
Alphabet Inc Class C
GOOG
▲ PositiveDemandrelevance

Berkshire invested $10 billion in Alphabet's June private placement and held ~106 million shares worth $37.8 billion by June 30, making it Berkshire's third-largest holding.

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