The 94 -year -old billionaire has directed Berkshire Hathaway for 60 years. (Credit: X / @hiddengemsinves and X / @Drparsasalehi)
Business leaders reacted Saturday after Warren Buffett announced That he plans to resign as CEO of Berkshire Hathaway after decades of conducting of the conglomerate.
“There has never been someone like Warren, and countless people, including me, were inspired by his wisdom,” wrote Tim Cook on X. “
Buffett named Greg AbelWho is vice-president of Berkshire, as well as his replacement.
“I think the time has happened when Greg should become the director general of the company at the end of the year,” Buffett said at the annual meeting of Berkshire shareholders in Omaha, Nebraska.
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Business leaders reacted on Saturday after Warren Buffett announced that he planned to resign as CEO of Berkshire Hathaway after decades of conducting of the conglomerate. (Johannes Eisele / AFP via Getty Images / Getty Images)
Buffett, 94, said that he would “drag” the conglomerate after retiring as CEO, according to CNBC.
After his announcement, Buffett received a standing ovation for several minutes from the big crowd in honor of his decades of service.
Jim Kramer, animator of CNBC “Mad Money”, wrote on X: “In printing of Buffett and congratulate him for the biggest series of all time. Our only goat”
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Billionaire Mark Cuban shared the Buffett standing ovation video on his X account.
Billionaire Mark Cuban shared the Buffett standing ovation video on his X account. (Photo by Steven Ferdman / Getty Images / Getty Images)
Spencer Hakimian, founder of Tolou Capital Management, also shared a video, writing on X: “”Warren Buffett has just received a 10 -minute ovation after announcing his retirement. Curtain call for the captain. “”
Republican representative French Hill of Arkansas, 68, who is chairman of the Chamber’s Financial Services Committee, told CNBC on Saturday that Buffett was a “hero since I was in university”.
He said he has been coming to Berkshire meetings since the early 1990s.
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“When I got out of the government in 1993 and I returned to the private sector in investment management, it was Warren Buffett who was my, Know, Know, Role Model. I never met personally, but I admired all these years. And he still loved the tap dance. Well, now he’s dancing. What a day!”