Warren Buffett on Monday confirmed plans to step down as Berkshire Hathaway CEO at year's end, but said he will keep a "significant amount" of shares in the company for now. Buffett announced in May he would step down at the end of 2025, a plan met with dismay by rank-and-file investors in Berkshire and beyond who admire the folksy investor.

Warren Buffett on Monday confirmed plans to step down as Berkshire Hathaway CEO at year's end, but said he will keep a "significant amount" of shares in the company for now. Buffett announced in May he would step down at the end of 2025, a plan met with dismay by rank-and-file investors in Berkshire and beyond who admire the folksy investor.