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Without Buffett in the presidency, Berkshire decreases profit and accelerates stock buyback

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 07/11/2026, 14:11:24 UTC.

Briefings

Warren Buffett stepped down as chairman of Berkshire Hathaway in September 2026, with his son Howard G. Buffett succeeding him as president. The company reported a 6% drop in same-period operating income to $12.71 billion and a 28% decline in net income to $22.11 billion in the third quarter of 2026. Buffett held 38.2% of Class A shares as of July 2026, aiming to sell all holdings within eight years. The company is headquartered in Omaha, Nebraska.

Key points

• Warren Buffett stepped down as chairman of Berkshire Hathaway in September 2026, with his son Howard G. Buffett succeeding him as president.
• The company reported a 6% drop in same-period operating income to $12.71 billion and a 28% decline in net income to $22.11 billion in the third quarter of 2026.

Context

Warren Buffett announced his departure from the presidency in September 2026, ending the final chapter of his institutional leadership. His son Howard G. Buffett succeeded him as president, while Greg Abel took over the directorship role in early 2026. Buffett held 38.2% of Class A shares as of July 2026, aiming to sell all holdings within eight years.

Limitations

Evidence covers only the third quarter of 2026 and the third quarter of 2025 for comparison. Data on specific share counts and voting rights are limited to July 2026. No additional background on the company's history or future plans is supplied.

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