94 -year -old Warren Buffett surprised investors earlier this month when he announced at a meeting of Burkeshire Heathwee’s shareholders in Omaha, Nebraska, that his career as CEO was ending. Buffett’s successor, 62 -year -old Gregable will take the garden on January 1, 2026, though Buffett will continue as the chairman of the Burkshire’s board.
Buffett revealed his decision to retire as CEO The last five minutes Five hours of question and answer session. Now, new details have come to light why Buffett decided to move the torch to Abel – and he is old.
“How do you know that day you are older?” Buffett told Wall Street Journal In an interview on Wednesday. “I didn’t start to get old for a really strange reason, even though I was about 90 years old. But when you start to get older, it becomes irrelevant.”
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Buffett told WSJ that in the past few years, when he crossed his 90th birthday, he had begun to feel the effects of his age. He had a problem with remembering the names and found it more difficult to read the newspapers, which suddenly looked like he had an unclear text.
Was buffett Born in the midwife In 1930 and he took control of the textile maker, Berkeshire Heathwee, In 1965 When he was only 34 years old. He became the CEO and Chairman of the Company In 1970 And is 95 years old in August.
Warren Buffett, chairman of Burkeshire Heathwei. Photo Daniel Zchink/Wire Isle’s Photo
Buffett told WSJ That he had never intended to be the CEO of Burkeshire for life, and he was “surprised” how long his era lasted. He also observed that his days were slow, while Abel brought more energy to the table and gained more success during the work day.
Related: Gregable, the successor of Warren Buffett, presented the company’s important values ​​at the company’s annual meeting.
“How much he (Abel) can meet in a 10-hour day, compared to what he can do in the 10-hour day,” Buffett said, “Buffett said. WSJ.
Buffett said that Abel was “so effective” in handling daily operations in Burkeshire that “it was really unfair,” not to serve as a CEO.
Abel joined the Berkeshire in 1999 after the firm Obtained Mid American Energy Holdings, an energy company where they Serve as an executive status. Buffett made the Vice Chairman of the non -insurance operations of the Berkeshire in 2018. Shares of the shareholders In 2021, Buffett revealed that Abel would succeed as his CEO.
Buffett told WSJ That he intends to continue working in the Burkeshire and says that his health is in good shape.
Related: ‘Father Time always wins’: 94 -year -old Warren Buffett just announced major changes to his plan to pay his money
94 -year -old Warren Buffett surprised investors earlier this month when he announced at a meeting of Burkeshire Heathwee’s shareholders in Omaha, Nebraska, that his career as CEO was ending. Buffett’s successor, 62 -year -old Gregable will take the garden on January 1, 2026, though Buffett will continue as the chairman of the Burkshire’s board.
Buffett revealed his decision to retire as CEO The last five minutes Five hours of question and answer session. Now, new details have come to light why Buffett decided to move the torch to Abel – and he is old.
“How do you know that day you are older?” Buffett told Wall Street Journal In an interview on Wednesday. “I didn’t start to get old for a really strange reason, even though I was about 90 years old. But when you start to get older, it becomes irrelevant.”
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