Overview

• At Berkshire’s May 3 annual meeting, Buffett said Greg Abel should become chief executive at year end, while he intends to remain chairman.
• Reporting identifies Howard “Howie” Buffett as the likely non-executive chairman after his father’s passing, a role described as protecting Berkshire’s culture rather than running operations.
• Berkshire under Buffett grew from a failing textile mill into a roughly $1 trillion conglomerate with about 400,000 employees and a stock portfolio cited around $300 billion.
• Investor jitters followed the retirement announcement, with Berkshire shares reported down more than 10% in the aftermath.
• Coverage around his 95th birthday highlights more than $60 billion in charitable giving and notes that Charlie Munger’s 2023 death and Buffett’s identity tied to work shaped the timing of his step-back.