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Berkshire shareholders are 'stunned' as Warren Buffett announces plan to step down after 6 decades

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Summary
Nutrition label

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 .

VR Score

90

Informative language

91

Neutral language

84

Article tone

informal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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