Jamie Dimon says Buffett ‘represents everything that is good about American capitalism’ as Tim Cook praises him and successor Abel

• Warren Buffett takes many respects After his surprise announcement on Saturday plan he will go down as Berkshire Hathaway CEO at the end of the year. Jpmorgan Cerie Dimon said he “represents all good about American capitalism.” apple The CEO Tim Cook praises the buffett and his successor, Greg Abel.

Leading CEOs praises Warren Buffett after saying Saturday investors who planned to go down as Berkshire Hathaway chief at the end of the year.

Buffett said Berkshire Hathaway Energy CEO Greg Abel should use As a leader of the general feeling of many, strange shareholders of the annual conference.

“Omaha’s oracle” takes many respects, including one from Jpmorgan Chase CEO JAMIE DIMON.

“Warren Buffett represents all good about American capitalism and America itself – invested in our country’s growth and its business with integrity, hopeful,” he said, ” According to Reuters. “I learned a lot from him so far, and I was honored to call him a friend.”

Apple CEO Tim Cook also responded to surprise notice. Berkshire started buying Apple stock in 2016 and continued additional features.

While Berkshire sells more than half of its holdings in Apple Stock last year, the iPhone makes its largest position in its portfolio.

“No man like Warren, and countless people, have been included in myself, encouraged by his knowledge,” Cook posted to X. “This is one of the many privileges of my life that knows him. And no question is leaving Berkshire in many hands with Greg.”

Earlier at the Saturday shareholder meeting, Buffett gathered praise to cook, which he “made Berkshire more apple, but no one but the jobs but could do it.”

Not only are buffett surprise shareholders, by Abel or most of the board members know that he will do the notice. Buffett only said his children who served as directors had first knowledge.

“It was surprised to me, but it was fascinating me,” Member Member Ron Olsen told CNBC. “Warren lives in a life full of surprises, few of his decisions don’t have any poor.”

Told by the analyst of the CFRA Cathy Seifert in Related Press Buffett’s decision is probably difficult, but it’s better for him to leave oneself in his terms.

“I think there is an effort to keep a ‘business like the usual’ around Berkshire,” he added. “That is still determined.”

Meanwhile, J Stern & Chief Investment Officer Chanopopher Rosopher, whose firm was a Bechshire Shareholder, who fought with tears in tears.

“It’s totally important,” he told the Periodic Period. “Berkshire Hathaway is an unusual business and an incredible commit. It stands for all the best about American capitalism and doing business.”

This story originally shown Fortune.com

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