New York
—
Warren Buffett, in his annual message as CEO of Berkshire Hathaway to shareholders – a tradition dating back to 1965 – said that he will be “going quiet” after he steps down at the end of this year But the 95-year-old is not going away just yet.
Buffett will no longer write the message atop the company’s annual report, but he will continue to deliver an annual Thanksgiving message, and he will “step up” his philanthropy, giving away the $149 billion in Berkshire Hathaway stock he continues to hold.
He is being replaced by Greg Abel next year. Abel is the vice chairman of non-insurance operations of Berkshire and was designated as Buffett’s successor in 2021.
This is a developing story. It will be updated.
