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Warren Buffett has created a $1.51 trillion question for his successor
Berkshire Hathaway’s next CEO has huge shoes to fill – and a mountain of cash to invest.
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Billionaire investor Warren Buffett (left) and Mr Greg Abel, his presumptive successor, need to figure out what to do with their enormous pile of cash.
PHOTOS: REUTERS
The Economist
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Surprising people at the age of 94 is no mean feat. Billionaire investor Warren Buffett has retained that capacity. As Berkshire Hathaway’s annual shareholder meeting on May 3 drew to a close, Mr Buffett announced that he would be stepping down
The move will come at the end of 2025, after six decades in charge. Mr Buffett had been preparing for his own departure. But he said he did not give most of Berkshire’s directors advance notice of his announcement. Nor did he tell Mr Greg Abel, his presumptive successor.
