Buffett Is Off the Stage. Berkshire Hathaway’s Greg Abel Now Has to Answer
Greg Abel will lead his first Berkshire Hathaway annual meeting as CEO on May 2, following Warren Buffett’s retirement. Berkshire shares have fallen 14% since Buffett’s exit, while the S&P 500 rose 26%. Investors are pressing Abel on plans for the company’s $373 billion cash pile and recent underperformance. Buffett will attend but not speak, saying, “Greg will be the decider.”