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Berkshire Hathaway shareholders gather for 1st annual meeting without Warren Buffet on stage

www.cbsnews.com·Mary Cunningham·about 1 month ago
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May 2, 2026 / 10:58 AM EDT / CBS/AP Add CBS News on Google Berkshire Hathaway shareholders gathered Saturday in Omaha, Nebraska for the first annual meeting without legendary founder  Warren Buffett  on the stage. In May 2025, Buffett announced he would  step down  at the end of the year and that his successor, 63-year-old  Greg Abel , would become CEO. The move surprised many investors, as it was widely assumed that Abel would not take over until after Buffett's death. Abel officially became the CEO in January 2026. Attendance at the meeting is expected to be down somewhat this year. The conglomerate that Buffett built released its earnings report Saturday as thousands of shareholders streamed into the CHI Health Center on Saturday. The company's first-quarter profit more than doubled as the value of its investments grew and most of its businesses improved. Berkshire said it earned $10.1 billion, or $7,027 per Class A share.…

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