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Tag: corporate governance reform
The Oracle’s Farewell: Warren Buffett’s Departure from Berkshire Hathaway and the Future of Value Investing
On May 4, 2025, Warren Buffett, the 94-year-old investment titan revered as the "Oracle of Omaha," announced his decision to step down as CEO of Berkshire Hathaway, concluding an extraordinary tenure that spanned over six decades. The announcement, made during Berkshire’s 60th annual shareholder meeting in Omaha, Nebraska, marked the end of an era for the conglomerate and the broader investment community. Buffett named Greg Abel, vice-chair of Berkshire’s non-insurance operations, as his successor, signaling a transition that had been anticipated since the passing of his longtime partner, Charlie Munger, in 2023.Â