By TOI Business Desk
Publication Date: 2025-12-31 14:11:00
Warren Buffett resigned as CEO of Berkshire Hathaway today, ending one of the longest and most influential leadership runs in modern corporate history.The transition, announced at Berkshire’s annual shareholder meeting earlier this year, hands day-to-day control to Vice Chairman Gregory Abel starting Jan. 1. Buffett, now 95, remains chairman and has said he will continue in the role, but his retirement from operational leadership closes a chapter that has changed both Berkshire and the entire landscape of American capitalism, according to the ET report.What Buffett leaves behind is a company that has been changed beyond recognition. Once a struggling textile maker, Berkshire is now the ninth most valuable company in the United States, the second-largest property and casualty insurer in the country and a sprawling conglomerate with nearly $700 billion worth of tradable stocks, bonds and cash and ownership of about 200 operating companies. This span…
