Berkshire Hathaway Shares Tumble 6% as End of Buffett Era Nears
$Berkshire Hathaway(BRK.B)$
Just as Buffett predicted, the board voted unanimously on Sunday to make Abel president and CEO on Jan. 1, 2026. Buffett, now 94 years old, will stay on as chairman, CNBC reported Monday.
While Buffett said during the company's annual shareholders meeting over the weekend that he will still be around and "can conceivably be useful in a few cases," that wasn't enough to assuage investors.
The class B shares tumbled as much as 6.5% to $504.61 Monday morning, the biggest intra-day decline since April 4, when they posted their worst daily performance since the global pandemic. Might be a good chance to buy the dip? 🤔
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