Here’s how business leaders like Bill Gates and Mark Cuban are reacting to Warren Buffett stepping down

Warren Buffett has announced his plan to step down as the CEO of Berkshire Hathaway by the end of the year, with Greg Abel being recommended to succeed him. This decision has been met with tributes from various business leaders including Bill Gates, Mark Cuban, and Tim Cook.

Buffett, a 94-year-old investor, made the announcement during Berkshire Hathaway’s annual shareholder meeting in Omaha, Nebraska. The crowd gave him standing ovations to acknowledge his long tenure as the chief executive of an S&P 500 company. Having acquired Berkshire Hathaway in 1965, Buffett has transformed it into a conglomerate worth $1 trillion that operates across multiple industries.

Following the announcement, several business leaders expressed their admiration for Buffett. Bill Gates praised him for being one of the greatest CEOs ever and the most successful investor of all time. Tim Cook of Apple commended Buffett’s leadership and expressed confidence in Greg Abel taking over. Other notable figures such as Jamie Dimon, Brian Moynihan, Bill Gross, and Mark Cuban also shared their respect for Buffett and his accomplishments.

Various individuals, including Spencer Hakimian, Ron Olson, French Hill, Stephen Squeri, Seth Klarman, and Howard Marks, have lauded Buffett’s contributions to the business world and his philanthropic endeavors. It is widely recognized that Buffett’s legacy as an investor, leader, and philanthropist will continue to inspire generations to come.