Warren Buffett Shouts Out Tim Cook in Surprise Speech at Berkshire Bash
Business Insider • • general
Key Points:
- Warren Buffett praised his investment in Apple during Berkshire Hathaway's shareholder meeting, highlighting the company's growth from a $35 billion investment to $185 billion before tax.
- Buffett credited Tim Cook, Apple's outgoing CEO, for successfully leading the company since 2011 and significantly increasing its market valuation to $4.1 trillion.
- Greg Abel, Berkshire's new CEO, introduced Buffett, who expressed confidence in Abel's leadership and reflected on the smooth transition from his own tenure.
- Buffett invited Cook to take a bow, acknowledging his achievements and leadership, while Cook received cheers and applause from shareholders.
- Despite selling much of its stake, Apple remains Berkshire Hathaway's largest holding, underscoring Buffett's long-term confidence in the tech giant.
