the "Oracle of Omaha" Warren Buffett has handed over the CEO reins at Berkshire Hathaway to his longtime successor, Greg Abel. At 95 years old, Buffett built Berkshire from a struggling textile company into a $1+ trillion conglomerate powerhouse, delivering insane returns like over 5,000,000% since the 1960s Loading...
Buffett announced this back in May 2025, and he's not fully riding off into the sunset – he'll stay on as chairman and keep showing up to the office most days. But day-to-day decisions, especially on that massive $382 billion cash pile and capital allocation? That's all Greg now.
Greg Abel, a Canadian exec who's been with Berkshire since 2000 (starting with the energy side), has been vice chairman and running non-insurance ops. Buffett's been hyping him for years, saying Greg's the guy to handle the big money moves.
Stock reaction? BRK shares dipped a bit today (around 1-2%), as folks adjust to life without Warren at the helm. But the company's rock-solid – insurance, railroads, energy, candy, you name it.
This isn't the only big exec shuffle kicking off 2026:
- Walmart's Doug McMillon retiring end of January
- Target's Brian Cornell out in February
- Coca-Cola's James Quincey stepping down
- Lululemon getting a new CEO too
- Even whispers about more changes at places like Apple and Disney down the line
Complete Step 3...
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