Overview
- Warren Buffett will remain as chairman with reduced operational and public roles, stepping back from his long-form annual letter and extended shareholder meeting remarks.
- Berkshire’s Class A shares closed Tuesday at $755,400, up 0.45% for the day, though the stock is down about 5% since Buffett announced his departure in May.
- Questions about equity management intensify as Greg Abel assumes CEO duties, with Ted Weschler expected to play a key role following Combs’ move to JPMorgan.
- Abel’s broader reshaping includes CFO Marc Hamburg retiring in 2027 with Charles Chang named as successor, and Adam Johnson shifting to lead consumer, services and retail businesses.
- Berkshire has reduced large positions in Apple and Bank of America, lifting liquidity and lowering concentration risk as the handover approaches.