‘The Time Has Arrived’: Warren Buffett Announces He’s Stepping Down as CEO of Berkshire Hathaway By the End of 2025
Image Credit: entrepreneur- Warren Buffett announced he will step down as CEO of Berkshire Hathaway by the end of 2025 during the company’s annual shareholder meeting.
- Greg Abel is expected to succeed Buffett as CEO, a decision Buffett revealed was a surprise to most of the board members.
- Buffett will remain available as an advisor even after stepping down, marking the end of his 60-year leadership at Berkshire.
- Under Buffett, Berkshire Hathaway grew into a massive conglomerate with a market cap near $1.2 trillion, and Buffett himself is worth nearly $170 billion.
More from Entrepreneur
Tesla Will Now Accept Cybertruck Trade-ins — Here’s How Much It’s Worth
Tesla has started accepting trade-ins for its Cybertruck after initially refusing them, amid disappointing sales figures with only about 40,000 out of over one million reservations converted into orders. The trade-in program reveals significant depreciation, with a 2024 Cybertruck AWD...
Autos
brief
‘I Defend Your Right to Buy Bitcoin’: JPMorgan Will Let Customers Buy Bitcoin, Though CEO Jamie Dimon Still Thinks It’s Like a ‘Pet Rock’
JPMorgan Chase CEO Jamie Dimon, previously a vocal skeptic of cryptocurrency, has announced that the bank will allow its clients to buy Bitcoin, although it will not hold custody of the digital asset. Dimon has compared Bitcoin to a “pet...
Business
brief
IBM Replaced Hundreds of HR Workers With AI, According to Its CEO
IBM CEO Arvind Krishna confirmed that the company has replaced several hundred human resources employees with AI technologies. The layoffs were offset by new hires in programming, sales, and other critical thinking roles, leading to overall workforce growth. AI automation...
AI
brief
‘Are We All Doomed?’ The CEO of Fiverr Says AI Is Definitely Taking Your Job. Here’s What to Do About It.
Fiverr CEO Micha Kaufman warns that AI will automate many jobs across professions, emphasizing the need to become an “exceptional talent” to stay relevant. He advises workers to learn and utilize AI tools tailored to their fields, such as AI...
Business
brief
Top 5 Personal Loans for Bad Credit with Guaranteed Approval and No Credit Check Needed
Individuals with bad credit can still obtain personal loans through specialized lenders who offer guaranteed approval and flexible terms online. Top lenders highlighted include Upstart, Upgrade, MaxLoan365, 50K Loans, and Wizzay, each catering to different borrower needs like quick approval,...
NPA Launches $1 Billion Port Upgrades Boosting Nigeria’s Maritime Economy and Trade in 2024
The Nigerian Ports Authority (NPA), under MD Dr. Abubakar Dantsoho, is spearheading a $1 billion reconstruction of Tincan Island Port and rehabilitation of other major ports including Apapa, Rivers, Onne, Warri, and Calabar to modernize infrastructure and expand capacity. These...
Edo Governor Launches Committees to Resolve Security and Land Boundary Conflicts
Governor Monday Okpebholo of Edo State has inaugurated two committees to address critical issues of security and land disputes, aiming to enhance peace and stability. The Livestock Control Committee, chaired by General Cecil Esekhaigbe (rtd), will focus on resolving herders...
Experts Urge Urgent Reforms to Nigeria’s Food Distribution System to Boost Security
Stakeholders in Nigeria’s agricultural sector are urging urgent reforms in the nation’s food distribution system to improve access, affordability, and reduce post-harvest losses. At the PricePally Impact Summit in Lagos, experts highlighted that distribution challenges, rather than food production, are...
Nigeria to Launch New National Industrial Policy to Revitalize Manufacturing Sector
Senator John Owan Enoh, Nigeria’s Minister of State for Industry, announced the upcoming launch of a new National Industrial Policy aimed at revitalizing the industrial sector by addressing key challenges like unreliable power supply and high logistics costs. The draft...
You must be logged in to comment.
Log in to comment
No comments yet. Be the first!