‘Never Been Someone Like…’: Biz Leaders React To Warren Buffett’s Retirement Plan

SOURCE : NEW18 NEWS

Last Updated:May 04, 2025, 11:41 IST

Warren Buffett will step down as Berkshire Hathaway CEO by the end of 2025, with Greg Abel as his successor.

Warren Buffett Retirement: The ‘Oracle of Omaha’ and investor behemoth Warren Buffett shocked the world when he announced that he’d be stepping down as Berkshire Hathaway CEO by the end of 2025. In a surprising move that concluded a nearly five-hour Q&A session at Berkshire Hathaway’s annual shareholders meeting in Omaha on Saturday, Buffett said that Greg Abel will succeed him as the next CEO of Berkshire Hathaway.

“I think the time has arrived where Greg (Abel) should become the chief executive officer of the company at year end,” said the 94-year-old Buffett, who made the announcement without taking any questions and revealed that only two board members—his children Howard and Susie Buffett—were informed beforehand.

Even Greg Abel, seated next to him on stage, had no prior notice.

His retirement announcement sent a shockwave across the world among the global leaders, who poured their feelings via social media.

There’s Never Been Someone Like Warren: Cook

In his X post, Tim Cook, CEO of Apple said, there’s never been someone like Warren, and countless people, myself included, have been inspired by his wisdom. It’s been one of the great privileges of my life to know him. And there’s no question that Warren is leaving Berkshire in great hands with Greg.

Our Only GOAT: Jim Crammer 

Jim Cramer, American television personality, sharing his expression on the retirement announcement of Buffett, said in awe of Buffett and congratulate him on the greatest run of all time. Our only G.O.A.T.

Mark Cuban Reposts Buffett’s Video

Billionaire Mark Cuban reposted the video in which Buffett receiving the long standing ovation after announcing his exit as CEO

“The enthusiasm shown by that response can be interpreted in two ways, but I’ll take it” he said.

That’s how world business leaders reacted to Warren Buffett’s retirement announcement.

First Published:

May 04, 2025, 11:31 IST