Warren Buffett Taps Greg Abel
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As the two-hour afternoon session of Berkshire Hathaway’s annual shareholder meeting wound to a close, the conglomerate’s chief of 60 years declared that he’d just gotten the “five-minute warning, exclamation point,
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24/7 Wall St. on MSNShould Berkshire Hathaway Start Paying Dividends?I was quite surprised when Berkshire Hathaway (NYSE:BRK.B) shares took a 5% hit to the chin on the first trading day that followed the bombshell announcement that Warren Buffett would be stepping down as CEO.
Warren Buffett’s retirement as CEO overshadowed Berkshire Hathaway’s results. While wildfire losses hurt results, GEICO saw marked improvement, and the cash hoard grew.