Overview
- Greg Abel, 63, will assume the Berkshire Hathaway CEO role in January as Warren Buffett remains chairman.
- Buffett said he will hold a “significant amount” of Berkshire stock until shareholders grow comfortable with Abel.
- He will publish an annual Thanksgiving message to keep direct communication with investors.
- Buffett accelerated philanthropy by converting 1,800 Class A shares into 2.7 million Class B shares and donating about $1.35 billion to four family foundations.
- His children will oversee a charitable trust set to hold nearly all of his remaining wealth after his death, with successor trustees already named.