Berkshire Hathaway Stock News

Warren Buffett's company, Berkshire Hathaway, (BRK.A 0.82%) (BRK.B 0.77%), recently held its annual shareholder meeting. And as usual, it provided investors with many words of wisdom and insights.

It's perhaps one of the greatest examples of "big shoes to fill" in the history of American business. Current Berkshire Hathaway (BRK.A -1.59%) (BRK.B -1.68%) Vice Chairman Greg Abel was officially announced as Warren Buffett's replacement as CEO of the company.

At Berkshire Hathaway's (BRK.A -1.59%) (BRK.B -1.68%) recent annual meeting, CEO Warren Buffett shocked investors by announcing his intention to step down from the helm at the end of 2025. As you might expect, the stock initially reacted negatively and remains about 4% below its closing price before the meeting, despite generally strong overall stock market performance.

Warren Buffett is very clear about the features he favors in a stock. One feature he's always praising is dividends.

Legendary investor Warren Buffett's leadership of Berkshire Hathaway (BRK.A, BRK.B), the struggling textile company he made into a trillion dollar conglomerate, will be a tough act to follow. But the “Oracle of Omaha” said his successor Greg Abel is ready for the challenge.

Despite hand-picking his successor in 2021, many had suspected Warren Buffett, 94, would continue running the conglomerate for the rest of his life.

Investors around the world have received some rather incredible news this past week.

The more years that Berkshire gets out of Greg Abel, the incoming CEO, the better, says Buffett