Buffett Announces Retirement by End of Year

BlockBeats News, May 4th: American investor Warren Buffett announced at the Berkshire Hathaway annual shareholders meeting on the same day that he plans to retire at the end of the year, shocking the shareholders in attendance. Buffett stated that he will recommend Vice Chairman of non-insurance operations at Berkshire Hathaway, Greg Abel, to take over as CEO at the end of the year, believing that the time is right for Greg to assume the role of CEO.

Buffett announced this news after a five-hour question and answer session and did not answer any related questions. Buffett mentioned that the only board members who knew about this were his two children, Howard Buffett and Susie Buffett. (Golden Finance)