Warren Buffett announced his retirement from Berkshire Hathaway by year-end, naming Greg Abel as his successor. Despite a significant drop in first-quarter profits, attributed to investment valuation decreases and insurance losses, Buffett expressed confidence in Abel’s leadership. He pledged to retain his Berkshire shares, emphasizing Abel’s potential to enhance the company’s performance. Post navigation Sebi imposes Rs 58.5 crore penalty on Seya Industries’ top executives for financial fraud and fund diversion Who is Warren Buffett’s successor? Meet Greg Abel, the Berkshire Hathaway veteran, who Buffett wants as new CEO
