Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Warren Buffett to resign as Berkshire Hathaway CEO

Warren Buffett announces plans to step down as Berkshire Hathaway CEO, recommending Greg Abel as his successor by year-end.

Published

on

Warren Buffett announces plans to step down as Berkshire Hathaway CEO, recommending Greg Abel as his successor by year-end.

In Short

Warren Buffett is stepping down as CEO of Berkshire Hathaway, appointing Greg Abel as his successor.

Buffett, who transformed the company over nearly six decades, will remain involved but allow Abel to lead its future.

Warren Buffett has announced his plan to step down as CEO of Berkshire Hathaway at the end of this year, recommending Greg Abel as his successor.

During Berkshire’s annual meeting in Omaha, Buffett, aged 94, indicated that the company is ready for a change in leadership. He expressed confidence in Abel, who has been earmarked for the role since 2021.

Buffett transformed Berkshire Hathaway into a prominent conglomerate from its origins as a struggling textile company, becoming a significant figure in American capitalism. His decision to retire marks the end of an era for the company and its loyal shareholders who gather annually for the meeting.

Remain involved

Buffett commented on the legacy of his leadership and the importance of Abel in guiding Berkshire’s future. He noted that, while he plans to remain involved in some capacity, key decisions will rest with Abel.

Reactions from Wall Street leaders were swift, with JPMorgan CEO Jamie Dimon acknowledging Buffett’s influence and contributions to American business.

The next meeting will be significant, as it will be the first without Buffett in charge. Shareholders expressed mixed feelings about this transition, recognising the impact of Buffett’s departure on the company’s culture and future.

Buffett’s tenure began in 1965, and he emphasized his belief that Abel will surpass his success as CEO. Abel has been with Berkshire for over two decades and will take charge as Buffett steps back from his operational role.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Continue Reading

News

Israel launches its new “Iron Beam” laser system

Israel’s new “Iron Beam” laser defense system to deploy by year-end, promising cost-effective missile interception.

Published

on

Israel’s new “Iron Beam” laser defense system to deploy by year-end, promising cost-effective missile interception.


Israel’s Defence Ministry says its new “Iron Beam” laser system will be deployed by year’s end. The technology is designed to destroy incoming missiles, rockets, drones and mortars with precision.

Developed by Rafael Advanced Defense Systems in partnership with Elbit Systems, Iron Beam will sit alongside existing defences such as Iron Dome, David’s Sling and Arrow. Unlike traditional interceptors which can cost tens of thousands of dollars per shot, the laser comes at negligible expense.

Officials call it the world’s first high-power laser interception system to achieve operational maturity, hailing it as a game-changer for modern warfare. Military leaders expect the system to reshape air defence capabilities and cut costs dramatically.

#Israel #Defence #LaserWeapons #TickerNews


Download the Ticker app

Continue Reading

News

Stephen Colbert’s opening monologue on Jimmy Kimmel

Stephen Colbert condemns censorship and calls out Trump in powerful monologue dedicated to Jimmy Kimmel’s suspended show.

Published

on

Stephen Colbert condemns censorship and calls out Trump in powerful monologue dedicated to Jimmy Kimmel’s suspended show.


Stephen Colbert’s opening monologue is being hailed as one of the most powerful moments in modern late-night history. Standing on stage at the Ed Sullivan Theatre, Colbert dedicated his show to Jimmy Kimmel and his team after ABC suspended Kimmel’s programme under pressure from Washington.

Colbert called the move “blatant censorship” and directly accused President Trump of acting like an autocrat. “With an autocrat, you cannot give an inch,” he warned, making clear that the stakes reach far beyond late-night comedy.

#StephenColbert #JimmyKimmel #FreeSpeech #TickerNews


Download the Ticker app

Continue Reading

News

Charlie Kirk was scheduled to speak at Colorado State University

Despite cancellation, 10,000 gathered at CSU to support Charlie Kirk, creating a rally-like atmosphere.

Published

on

Despite cancellation, 10,000 gathered at CSU to support Charlie Kirk, creating a rally-like atmosphere.


Charlie Kirk was scheduled to speak at Colorado State University in Fort Collins, but the event was meant to be cancelled. Despite that, thousands of people still turned up to celebrate his legacy.

As many as 10,000 people turned out, showing the extent of support for the conservative activist. The crowd gathered outside CSU, creating an atmosphere more like a political rally than a cancelled speech.

#CharlieKirk #FortCollins #CampusPolitics #TickerNews


Download the Ticker app

Continue Reading

Trending Now