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Squawk on the Street

News

Buffett and the End of an Era, Apollo Global and Wells Fargo CEOs at Milken Conf. 5/5/25

2025-05-05

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Carl Quintanilla, David Faber and Mike Santoli discussed the surprising news involving Warren Buffett: The "Oracle of Omaha" announced he would step down as Berkshire Hathaway CEO at the end of the year after six decades on the job. Berkshire's board voted unanimously to name company executive Greg Abel as president and CEO effective January 1 -- and for Buffett to remain chairman. At the Milken Institute Global Conference, David engaged in one-on-one interviews with Apollo Global CEO Marc Rowan and Wells Fargo CEO Charles Scharf.

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