Warren Buffett announced he is stepping down as Berkshire Hathaway's CEO at the end of the year.He has recommended that Greg Abel, a vice chair at the company, should succeed him.Tributes have been pouring in from business leaders such as Tim Cook,

Warren Buffett was lauded by business leaders like Tim Cook and Mark Cuban on Saturday after the billionaire announced his retirement from Berkshire Hathaway.

Buffett said Berkshire Hathaway Energy CEO Greg Abel should take over as head of the overall conglomerate, stunning shareholders at the annual conference. The "Oracle of Omaha" dr

It was time.Warren Buffett stunned the investing world Saturday by revealing his plans to step down as Berkshire Hathaway’s chief executive at year-end and hand the reins to handpicked successor, Greg Abel.

Warren E. Buffett’s approach to investing is deceptively simple. “Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices,” he once wrote to shareholders of Berkshire Hathaway, his business conglomerate.

Warren Buffett, still full of folksy wisdom and with that ever-present red can of Coca-Cola close at hand, said Saturday that he plans to step down later this year from his role leading Berkshire Hathaway,