Warren Buffett is stepping down from daily operational control of Berkshire Hathaway, transferring leadership to Greg Abel, who will now oversee the conglomerate's diverse operations. Buffett will remain as chairman, ensuring continuity and oversight for the company. This transition reflects Berkshire Hathaway's immense size, which limits new investment opportunities, and marks a planned succession after decades of Buffett's leadership. Observers anticipate a continuation of the company's established strategy under Abel's operational command.