Even as he signals the end of an era, Warren Buffett’s humor remains intact. Buffett announced on Saturday he will ask Berkshire Hathaways ’s board to make Greg Abel CEO of the conglomerate by year-end, leading to a standing ovation from the crowd and Abel. Soon after, Buffett joked: “The enthusiasm shown by that response can be interpreted two ways.” More details: cnb.cx/4j4oXGh
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Warren Buffett said he will soon ask the board of Berkshire Hathaway to have Greg Abel replace him as CEO at year-end. While Buffett is 94 and Abel was designated as CEO successor in 2021, it nonetheless came as surprise to the thousands of admiring shareholders gathered for this year's annual meeting in Omaha. Full details: cnb.cx/3YuzUt5
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The Washington Commanders are headed back to the District of Columbia. The National Football League franchise announced Monday that it had struck a deal to relocate from its current stadium in Landover, Maryland, to Washington, D.C., on the grounds of Robert F. Kennedy Memorial Stadium, its home field from 1961 to 1996, which is currently being demolished. The Commanders will invest $2.7 billion into the site, while the city government will contribute $500 million from its existing funding for sports facilities.
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An end of an era was announced in Omaha Saturday as Warren Buffett said he will soon ask the board of Berkshire Hathaway to have Greg Abel replace him as CEO at year end. Read more: cnb.cx/44nBvEP
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Warren Buffett said he will ask the board of Berkshire Hathaway to replace him as CEO with his already designated successor, Greg Abel, at year end. Read more: cnb.cx/3ShnBga
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When asked about cost-cutting and so-called Department of Government Efficiency, Warren Buffett said that controlling the government budget deficit is a problem that is “never fully solved.” Find the latest from the Berkshire Hathaway annual meeting: cnb.cx/4j4oXGh
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Warren Buffett called the U.S. a shining example of capitalism, making the analogy of a cathedral with a casino attached to it. Find the latest from the Berkshire Hathaway annual meeting: cnb.cx/4j4oXGh
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“Let’s say Berkshire went down 50% next week, I would regard that as a fantastic opportunity, and it wouldn’t bother me in the least," Warren Buffett said during the annual shareholders meeting. Find more: cnb.cx/4jNMMDd
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Warren Buffett on why it's important for the United States to have an "intelligent" energy policy. Find the latest from the Berkshire Hathaway annual meeting: cnb.cx/4j4oXGh