All posts tagged: retires

Warren Buffett officially retires as Berkshire Hathaway’s CEO : NPR

Warren Buffett officially retires as Berkshire Hathaway’s CEO : NPR

Shareholders pose with a lifesize cardboard cutout of Warren Buffett in 2022, during Berkshire Hathaway’s annual shareholders meeting in Omaha, Nebraska. Chandan Khanna/AFP via Getty Images hide caption toggle caption Chandan Khanna/AFP via Getty Images The “Oracle of Omaha” has officially retired. Mostly. At age 95, legendary investor Warren Buffett stepped down on Wednesday as CEO of Berkshire Hathaway, the once-failing textile business he spent 60 years building into one of the world’s largest and most powerful companies. Today marks another step in Buffett’s long — and still partial — goodbye from Berkshire Hathaway. It’s the first day under Buffett’s longtime deputy and handpicked successor, Greg Abel. “He is a great manager, a tireless worker and an honest communicator. Wish him an extended tenure,” Buffett wrote to Berkshire shareholders in a November letter. Together with his longtime business partner and close friend, the late investor Charlie Munger, Buffett transformed Berkshire Hathaway into a global powerhouse. Today, the massive conglomerate owns businesses ranging from insurance companies and railroads to Dairy Queen and Duracell batteries. It’s also …