Warren Buffett retires as Berkshire Hathaway CEO after a six-decade tenure. Greg Abel takes over, facing challenges of managing over $350 billion in cash reserves, surpassing market values of Home Depot, Procter & Gamble, and General Electric. Abel may use funds for stock buybacks, acquisitions, or dividends.

Under Buffett’s leadership, Berkshire did not repurchase shares in last five quarters or pay a dividend since 1967. Abel, former leader of non-insurance businesses, faces pressure to utilize cash reserves effectively compared to Buffett. Wall Street and shareholders expect him to make strategic decisions to put the cash to work.

Transition of leadership at Berkshire signifies a new era. Abel’s ability to manage cash reserves and uphold company culture is crucial for future direction. Investor scrutiny will be high, impacting stock performance. Abel must navigate managing subsidiaries, overseeing stock portfolio, and making allocation decisions while maintaining Berkshire’s core values and relationships with management teams.

Read more at Yahoo Finance: Buffett’s Departure From Berkshire Hathaway Puts Spotlight on Greg Abel