Warren Buffett Plans CEO Departure
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Berkshire shareholderCNBC
•Business
Business & Economics
Berkshire shareholders are 'stunned' as Warren Buffett announces plan to step down after 6 decades

84% Informative
Berkshire Hathaway CEO Warren Buffett announces intention to step down by the end of the year .
Buffett , 94 , named Greg Abel , chief of Berkshire 's energy unit, as his successor.
Buffett: "I think the time has arrived where Greg should become the chief executive officer of the company at year end " Buffett: I have no intention to sell any Berkshire stock.
Berkshire shareholder and neighbor says it's hard to imagine what Omaha would look like without Buffett 's family.
"Thank God he moved back here from New York in the late '50s ," neighbor says.
He says the impact of Berkshire being based in Omaha boosts the community year-round .
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