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Tech News
Berkshire Hathaway repurchased $4.5 billion of its own shares as Greg Abel prepares to take over from Warren Buffett as CEO. The move signals confidence in the company's future value without Abel making any public statements about his leadership plans.
Labor force participation among Americans 65 and older has climbed to 19.2%, up from roughly 12% in 2000, and 42% of sitting CEOs are now 60 or older—an unusually high share, according to executive recruiter Cowen Partners. Companies like Boeing, Verizon and Cracker Barrel have repeatedly brought back older or previously retired executives rather than promoting younger leaders.