'Oracle of Omaha' Warren Buffett to resign as Berkshire CEO after 60 years

Billionaire Warren Buffett has announced his decision to step down as the CEO of Berkshire Hathaway by the year-end after leading the company for 60 years. Known as the 'Oracle of Omaha', Buffett said that he will hand over the post to his successor, vice-chairman Greg Abel. The 94-year-old is believed to be one of the most successful investors globally.