Warren Buffett steps down as Berkshire Hathaway CEO after six decades

- Legendary investor Warren Buffett steps down as Berkshire Hathaway CEO after 60 years, handing control of the $1-trillion conglomerate to Greg Abel.

- Buffett remains as chair and plans daily office visits, but Abel must navigate slowing growth and mounting pressure to distribute Berkshire’s $382-billion cash pile.

- Abel has already managed Berkshire’s noninsurance operations for seven years, and company leadership says the decentralized culture that built the empire will endure.