Warren Buffett's Retirement: What Comes Next for Berkshire Hathaway?

He finally did it. After 60 years at the helm and 75 as a professional investor, Warren Buffett has announced his plan to step down as CEO of Berkshire Hathaway (NYSE: BRK.B) by the end of 2025. Vice Chairman Greg Abel, current leader of the operating subsidiaries division, will step in as the leader of one of the top 10 largest companies in the world by market cap at the end of the year.It has been quite the ride for Buffett and Berkshire, making this tiny textile manufacturer into one of the largest companies in the world with sprawling operations in insurance, energy, railroads, and a large stock portfolio. What comes next for Berkshire Hathaway? Here's how the company will operate once Buffett steps down and what it could mean for the stock going forward. Unsurprisingly, Buffett has been setting up his succession planning for over a decade now. At 94 years old and in charge of a sprawling conglomerate and tens of thousands of employees, Buffett chose to do the only prudent thing.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool