End of an Iconic Era: 94-Year-Old Buffett Retires as Berkshire CEO

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After six legendary decades, Warren Buffett shocked shareholders by announcing his retirement at age 94

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Buffett revealed he will step down as CEO by the end of the year, closing a powerful chapter in investing history

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The announcement came unexpectedly during the final minutes of a five-hour Q&A session in Omaha

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Greg Abel, vice chairman of Berkshire, was announced as the next CEO without any prior notice to even him

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Buffett said only his children Howard and Susie were told beforehand, making it a truly surprise reveal

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Taking the stage after Buffett, Abel said he was “humbled and honored” to lead the company into its next era

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Abel will now oversee all operations, including the firm’s crucial insurance and investment arms

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Buffett promised not to sell a single share of Berkshire, stating, “I will give it away eventually”

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