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After six decades running Berkshire Hathaway, Warren Buffett is planning to step down as CEO.
NPR's Maria Aspin reports from Omaha, where Buffett announced his retirement this weekend.
At age 94, Buffett is one of the most powerful investors on Wall Street and beyond.
The billionaire bought Berkshire Hathaway 60 years ago when it was a struggling textile mill.
He's turned it into one of the largest companies in the world.
Now, the Oracle of Omaha says he's about ready to step back.
Buffett spent four and a half hours answering shareholder questions on Saturday during his company's annual investor meeting.
But he saved his big news for the very end as broadcast by CNBC.
The time has arrived where Greg should become the chief executive officer.
of the company at year end.
Buffett designated Greg Abel as his successor years ago.
Maria Aspen, NPR News, Omaha.
Australian Prime Minister Anthony Albanese made his first public appearance today following his Labor Party's victory in this weekend's elections.