Interview with WSJ: Warren Buffett reveals real reason for CEO resignation at Berkshire
Warren Buffett is stepping down as CEO of Berkshire Hathaway after more than 60 years. In an interview with the Wall Street Journal, he reveals for the first time the real reason for his departure – surprising many.
Summarized for you
After six decades at the helm of Berkshire Hathaway, Warren Buffett is stepping down as CEO – for a very personal reason: The 94-year-old is increasingly feeling the physical effects of age. In an interview with the Wall Street Journal (WSJ), Buffett said that he hardly felt old until he was 90. But now, the first signs, such as balance problems, a declining memory for names, and blurred reading of newspapers, can no longer be ignored.
The move marks the end of an era: Buffett transformed a struggling textile company into a global corporation that holds stakes in Geico, BNSF Railway, and Apple, among others. Today, Berkshire Hathaway is valued at nearly $1.2 trillion, and its share price is near its all-time high.
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Ferdinand Hammer
wallstreet-online
