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Speaking of things that could disrupt markets...

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ThatRobGuy

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CNN —
In an announcement that many investors knew was coming but didn’t believe would actually happen, famed investor Warren Buffett said Saturday at Berkshire Hathaway’s annual shareholder meeting that he would step down as CEO at the end of the year.


While there may not be an immediate effect like when Bob Iger or Jack Dorsey resigned from their respective orgs, these types of things always have the potential to disrupt stock values, like when Jack Welch stepped down and retired from GE (which caused a multi-year decline spanning over a decade).
 
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Hans Blaster

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ThatRobGuy said:

CNN —
In an announcement that many investors knew was coming but didn’t believe would actually happen, famed investor Warren Buffett said Saturday at Berkshire Hathaway’s annual shareholder meeting that he would step down as CEO at the end of the year.
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Why would that disrupt markets? He's a value investor. Either his "fund" will keep operating or it'll be wound down. Either way other value investors (perhaps with other firms) will fill the void.
ThatRobGuy said:
While there may not be an immediate effect like when Bob Iger or Jack Dorsey resigned from their respective orgs, these types of things always have the potential to disrupt stock values,
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Who?
ThatRobGuy said:
like when Jack Welch stepped down and retired from GE (which caused a multi-year decline spanning over a decade).
Click to expand...
 
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Jack Welch was different. He is the one that turned GE around in a positive way, only to have his own GE capital division hurt GE later. Not too mention that his successor handled things poorly as well. Berkshire on the other hand is far more conservative, more diversified and has had a plan in place for succession a long time. I imagine the shares will take a small short-term hit but the biggest question is going to be what is Berkshire going to do with all their cash?
 
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Hans Blaster

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ThatRobGuy

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Hans Blaster said:
No. Why should I?

If you say so. Disney seems to be doing fine. Twitter was purchased by a guy who likes to break things.
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After those CEOs resigned, their stocks took a dip.

Even if there's an established replacement/leadership plan in place, CEOs who've become "staples" of a business always spark a bit of anxiety when they leave.
 
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Hans Blaster

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ThatRobGuy said:
After those CEOs resigned, their stocks took a dip.

Even if there's an established replacement/leadership plan in place, CEOs who've become "staples" of a business always spark a bit of anxiety when they leave.
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And what's the big deal. The head of one company is going to leave. I'm sure that happens ever week in the "Fortune 500".
 
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