Warren Buffett Is Making a Big Change to Next Year’s Berkshire Hathaway Annual Meeting

Berkshire Hathaway’s annual meeting in Omaha, Nebraska, a massive event known as the “Woodstock of Capitalism,” will be making a big change next year.

CEO and Chairman Warren Buffett, 94, has taken the stage just about every year for the last five-plus decades to answer shareholders’ questions—and sometimes for a whopping five hours. But at the end of this year’s Q&A session earlier this month, Buffett made the surprise announcement that he’s stepping down as CEO.

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Attendees wait in line outside CHI Health Center during a shareholders’ shopping day ahead of