Warren Buffett Announces He’s Stepping Down As Berkshire Hathaway CEO

Warren Buffett, the 94-year-old multibillionaire, has officially retired as CEO of Berkshire Hathaway after 55 years, with Greg Abel poised to take his place due to a long-standing promotion. Buffett hinted that he'll remain involved in the company beyond stepping down at year-end, while emphasizing the importance of trade and specialization over protectionism or tariffs.