From Yahoo Finance: 2025-05-05 07:09:00

Warren Buffett, 94, announced he will step down as Berkshire Hathaway’s CEO at the end of the year. He recommended Greg Abel, a vice chair at the company, to succeed him. Business leaders like Bill Gates, Mark Cuban, and Tim Cook have praised Buffett’s legacy.

Gates called Buffett “one of the greatest CEOs ever” and praised his philanthropic efforts. Apple CEO Tim Cook lauded Buffett’s leadership, stating he is leaving Berkshire Hathaway in great hands with Abel taking over as CEO.

Jamie Dimon, CEO of JPMorgan Chase, honored Buffett for his integrity and wisdom. Bank of America CEO Brian Moynihan highlighted Buffett’s unparalleled success and philanthropic efforts, emphasizing his impact on the economy and innovation in the US.

Buffett’s vision and lasting influence were praised by investors like Bill Gross and Howard Marks. Jim Cramer called Buffett the “only G.O.A.T.,” congratulating him on his impressive career. Buffett’s decision to step down has sparked tributes from business leaders worldwide.



Read more at Yahoo Finance: Here’s how business leaders like Bill Gates and Mark Cuban are reacting to Warren Buffett stepping down