Warren PubedOne of the world’s richest and one of the most complete investors announced on Saturday At the end of this year, Berkshire wants Hathaway’s executive chairman to quit post. The announcement came after five hours of questions and answers on the company’s partners team on Saturday, which was a great surprise, especially as he had previously said that he was not planning to retire.
Buffy said you recommend to the Council Berkshire Hathaway Sunday that vice president Greg Abell changes him. “I think the time has come to become the CEO of Greg by the end of this year,” Papet said. Thousands of investors in their annual group, at Omaha Stadium (Nebraska), Dedicated Buffett A durable welcome After the announcement.
In 1965, Berkshire Hathaway took control when he was a textile manufacturer. In the last 60 years, Buffett has transformed the textile company that has failed into a joint venture, finding other businesses and buying and selling less than the value. His success created him A Wall Street icon and got him nickname“Oracle of Omaha”About the city of Nebraska where the investor was born.
Who is Greg Abell?
Apael He has been the designated successor of Bafette for many years, and has already managed all the insurance of Berkshair. But it was always considered that he would not take office after Buffett’s death. Buffett finally announced that he did not accept questions about the news. He said that The only council members who know their two children, Hovert Y Susie Papet.
Abel, who was sitting next to the buffet on the stage, had no warning. An hour later, he responded to the news again, this time on the platform without the buffet. “I mean that I can’t feel more humble and honest According to some researchers, many investors believe that Abel will do a good job by running Berkshair, but according to some analysts, we have to see how much will be investing in the Berkshair’s money.
CFRA Research Analyst Kathy Sefert said that Buffett should be difficult to reach this decision to resign. “It may have been probably The most difficult decision As for him, but it is better to leave your own terms, “Sefert said,” I think there will be an effort to maintain the ‘business’ environment in Berkshire. It is not yet determined. “
On Saturday, Buffett supported the Greek and promised to maintain his wealth that was invested in the company. “I have no purpose,” when I sell a Berkshire Hathaway action. At one point I will give it “Said Babett. “The decision to maintain every action is an economic decision because Berksheer’s perspectives are better under the administration of Greek under the management of Greg.”
Trade is not a weapon, Babett warns
Meanwhile, Buffett warned about global effects Business charges US President Donald Trump said “trade should not be a weapon.”
At the meeting on Saturday, Pabett said that Trump’s business policies have increased the risk Global instability By angry with the rest of the world. “This is a big mistake. In my opinion, when you don’t like 7.5 billion people, you have 300 million people.
According to a billionaire investor, “there is no doubt that trade may be an act of war.” The best thing is that Although he believes that business is balanced between countries, Babett said he did not believe that President Trump is doing it properly with his common fees.
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