Warren Buffett still goes into the office daily after stepping down as CEO

Warren Buffett stepped down as Berkshire Hathaway CEO on December 31 but still goes into the office daily and remains involved in investment decisions; Greg Abel is now CEO and the two speak frequently.

Warren Buffett stepped down as Berkshire Hathaway CEO on December 31 but continues to go into the Omaha office daily and remains included in investment decisions. He is 95 and now serves as chairman while Greg Abel has taken over as CEO. The two speak frequently, according to interviews cited by CNBC. Workplace experts say a former leader who remains active inside the company can offer both advantages and challenges for the new leader. Key facts: - Buffett stepped down as CEO on December 31 and remains chairman, the article reports. - He told CNBC on March 31 that he goes into the office daily and remains included in investment decisions. - The article notes Buffett said he "won't make any [investments] that Greg thinks are wrong." - Greg Abel is the company's CEO and told CNBC on March 5 that he and Buffett speak nearly every day or every couple days when he is traveling. - Amy Gallo, a workplace dynamics speaker and author, said a former leader can preserve institutional knowledge but may create challenges for the successor's authority. Summary: The arrangement preserves institutional knowledge and provides the new CEO with frequent counsel, while it can complicate perceptions of who is in charge among staff. Undetermined at this time.