Warren Buffett Has Stepped Down as Chairman of Berkshire Hathaway, but This May Be a Much Bigger Concern for Shareholders
Buffett's involvement with Berkshire's operations is likely to be more limited moving forward, and that means there will be much more attention on Greg Abel.
Overview
Warren Buffett technically stepped down as Berkshire Hathaway (NYSE:BRKA)(NYSE:BRKB) CEO at the end of last year, with Greg Abel taking over. But Buffett's still been closely involved with the company, and there have been reports that he and Abel work closely and have been in agreement on decisions.
Recently, however, Buffett announced he is stepping down as the company's chairman as well. The move seems to suggest Buffett is further distancing himself from Berkshire Hathaway. The biggest concern for investors, however, isn't necessarily that Buffett is leaving, but that this will be more of Abel's company going forward, which will introduce some risk and uncertainty ahead.
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Originally published at www.fool.com.