Warren Buffett expects Greg Abel to do big things when he takes over as CEO of Berkshire Hathaway One of Warren Buffett's funniest lines at Berkshire Hathaway's annual meeting on Saturday came ...

Warren Buffett admitted the real reason that led to the Wall Street legend finally stepping down from Berkshire Hathaway at 94.

What Happened: Speaking at the annual shareholder meet on Saturday, Buffett denied the notion that he was holding back on investments to give Abel a chance to shine. “I wouldn’t do anything ...

“This year, I have my own definition of what success is and I understand what I have to do to ... Some things make me feel worse. So getting more in tune with my body.” Abel also attacked ...

The billionaire quipped that he wouldn't do something so "noble" just to make Greg Abel "look good ... "Charlie always thought I did too many things," Buffett said, referring to his late business ...

How will things evolve ... Hathaway is Greg Abel, the current VP of the company's non-insurance operations. Buffett didn't simply pick a random name out of a hat to replace him during the annual ...

Greg Abel's forthcoming promotion to CEO of Berkshire Hathaway offers lessons for moving up. If you want to get a big promotion — or just got one — there are ideas you should keep in mind.

Abel had a varied skillset, instinct for understanding business operations and insight into how to “make things better ... to me that if I was going to do something, I needed to give ...

He also said Abel brings new strengths to the company. “The fact that you can do pretty well doesn’t mean you couldn’t do better, and Greg can do better at many things,” he said.

Buffett declared that he would recommend to the directors at their meeting the following day that they name Greg Abel, the longtime ... at balance sheets than I do income statements.