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When Warren Buffett Eventually Steps Down as Berkshire Hathaway CEO, Greg Abel Will Succeed Him

Charlie Munger made a comment that, on the surface at least, wasn t all that surprising.
Greg will keep the culture, the 97-year-old Munger said simply, explaining that the company s decentralized nature would outlast him and
Warren Buffett.
But that was enough to clue in some Berkshire watchers, who have been wondering about succession plans at the conglomerate once 90-year-old Chairman and CEO Buffett is no longer in charge. To many, it signaled the top job will go to Vice Chairman Greg Abel, who runs all of the noninsurance operations.
The impression was an accurate one, CNBC can confirm.
The directors are in agreement that if something were to happen to me tonight, it would be Greg who d take over tomorrow morning, Buffett said. He praised Abel and Vice Chairman Ajit Jain, who runs all of Berkshire s insurance operations. ....

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What to Watch Today: 'Sell in May, Go Away' Is Not Materializing on First Trading Day – NBC 5 Dallas-Fort Worth

Charlie Munger, 97, inadvertently revealed who would succeed
Warren Buffett as CEO. CNBC confirms it would be Vice Chairman Greg Abel. If, heaven forbid, anything happened to Greg tonight then it would be [Vice Chairman Ajit Jain], Buffett, 90, told CNBC s Becky Quick after this weekend s annual Berkshire shareholders meeting.
Robinhood is promoting gambling-like behavior in the stock market, Buffett said at the Berkshire annual meeting. Robinhood has become a very significant part of the casino aspect, the casino group, that has joined into the stock market in the last year or year and a half, Buffett said, adding he was unhappy, for example, to learn how much short-term option activity there was in Apple. ....

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What to watch today: 'Sell in May, go away' is not materializing on first trading day

What to watch today: Sell in May, go away is not materializing on first trading day
CNBC
2 hrs ago
BY THE NUMBERS
Dow futures jumped 200 points on the first trading day of May. The 30-stock average dropped 185 points, or 0.5%, on Friday but still closed out April with a monthly gain of 2.7%. The S&P 500 and Nasdaq fared worse than the Dow on Friday but each turned into more than 5% gains for all of April. (CNBC)
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The Wall Street adage, sell in May, go away, does not appear to be materializing Monday, but it s a historic trend investors will be watching as May plays out. Stocks tied to the economic comeback from Covid were higher in the premarket, including Norwegian Cruise Line (NCLH) and Carnival (CCL) and the major U.S. airlines. (CNBC) ....

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What to Watch Today: 'Sell in May, Go Away' Is Not Materializing on First Trading Day – NBC Connecticut

Charlie Munger, 97, inadvertently revealed who would succeed
Warren Buffett as CEO. CNBC confirms it would be Vice Chairman Greg Abel. If, heaven forbid, anything happened to Greg tonight then it would be [Vice Chairman Ajit Jain], Buffett, 90, told CNBC s Becky Quick after this weekend s annual Berkshire shareholders meeting.
Robinhood is promoting gambling-like behavior in the stock market, Buffett said at the Berkshire annual meeting. Robinhood has become a very significant part of the casino aspect, the casino group, that has joined into the stock market in the last year or year and a half, Buffett said, adding he was unhappy, for example, to learn how much short-term option activity there was in Apple. ....

White House , District Of Columbia , United States , Greg Abel , Berkshire Hathaway , Warren Buffett , Estee Lauder , Charlie Munger , Joe Biden , Goldman Sachs , Boring Company , Canadian Pacific Railway , Epic Games , World Health Organization , Canadian National Railway , Meredith Corp , Gray Television , Canadian National , Wall Street , Norwegian Cruise Line , Vice Chairman Greg , App Store , Apollo Global Management , Bill Kassler , United Nations Backed , President Joe Biden ,

When Warren Buffett Eventually Is No Longer Berkshire Hathaway CEO, Greg Abel Will Succeed Him

Charlie Munger made a comment that, on the surface at least, wasn t all that surprising.
Greg will keep the culture, the 97-year-old Munger said simply, explaining that the company s decentralized nature would outlast him and
Warren Buffett.
But that was enough to clue in some Berkshire watchers, who have been wondering about succession plans at the conglomerate once 90-year-old Chairman and CEO Buffett is no longer in charge. To many, it signaled the top job will go to Vice Chairman Greg Abel, who runs all of the noninsurance operations.
The impression was an accurate one, CNBC can confirm.
The directors are in agreement that if something were to happen to me tonight, it would be Greg who d take over tomorrow morning, Buffett said. He praised Abel and Vice Chairman Ajit Jain, who runs all of Berkshire s insurance operations. ....

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