Succession plans at the $870 billion Berkshire Hathaway took center stage on Saturday as thousands of shareholders attended the firm’s annual meeting in Omaha.
Investors questioned 93-year-old Berkshire chairman Warren Buffett about what would change when Berkshire’s vice chairman Greg Abel, 61, who has been at the firm for 25 years, takes over as chief executive after Buffett. Abel was appointed Buffett’s successor in 2021.
Buffett said Abel is already “in charge of really everything except insurance” and has the “same feeling” as Buffett when it comes to “judging the attractiveness of businesses and making capital decisions and that sort of thing.”
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