New York
—
Warren Buffett, in his annual message as CEO of Berkshire Hathaway to shareholders – a convention relationship again to 1965 – mentioned that he will probably be “going quiet” after he steps down on the finish of this 12 months But the 95-year-old shouldn’t be going away simply but.
Buffett will now not write the message atop the corporate’s annual report, however he’ll proceed to ship an annual Thanksgiving message, and he’ll “step up” his philanthropy, giving freely the $149 billion in Berkshire Hathaway inventory he continues to carry.
He is being changed by Greg Abel subsequent 12 months. Abel is the vice chairman of non-insurance operations of Berkshire and was designated as Buffett’s successor in 2021.
This is a creating story. It will probably be up to date.