Berkshire Hathaway Stock Falls Following Buffett's Retirement As CEO

Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK) stock was trading lower on Monday after the company announced that Warren Buffett, 94, will step down as CEO. On May 4, Berkshire’s board voted to appoint Greg Abel as CEO, effective January 1, 2026, during its 60th annual shareholders meeting. Buffett…