Warren Buffett Steps Down as Berkshire CEO; Abel Takes Helm After 60-Year Legacy

• Warren Buffett concludes his 60-year tenure as CEO of Berkshire Hathaway; Greg Abel assumes the top leadership role.
• Under Buffett, Berkshire Hathaway transformed from a textile mill into a $1.08 trillion conglomerate, delivering a 6,100,000% return to investors since 1965.
• Shares saw a slight decline on Buffett's final day, with Class A falling by $600 and Class B by $1.06.
• Greg Abel, a key figure for over two decades, will oversee BNSF, manufacturing, and energy businesses, while Buffett remains Chairman.
• Ajit Jain continues to lead insurance operations; Adam Johnson takes over consumer products, a role previously held by Abel.

Why It Matters: Warren Buffett's 60-year CEO era at Berkshire Hathaway ends, with Greg Abel taking charge of the $1.08 trillion empire.