Warren Buffett hands over Berkshire Hathaway’s reins to Greg Abel

Berkshire vice-chair Greg Abel, 63, took charge as chief executive on Thursday, leaving a low-profile protégé of one of history’s savviest investors to lead the sprawling company. Buffett, 95, transformed Berkshire from a struggling New England textile mill into a $1.1tn financial behemoth that spans railroads, utilities and insurance operations….