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Warren Buffett announced his retirement as CEO of Berkshire Hathaway, effective at the end of the year, while remaining as chairman. Greg Abel, the vice chairman, will take over as CEO in 2026, with Buffett expressing confidence in Abel's management abilities. Despite market challenges, Buffett emphasized his commitment to the company, stating he will not sell his shares.
Warren Buffett announced he will step down as CEO of Berkshire Hathaway at the end of the year, recommending Greg Abel as his successor. At 94, Buffett remains in good health and emphasized his commitment to not selling any shares, preferring to give them away gradually. He also expressed concerns about using trade as a weapon, criticizing tariffs and advocating for balanced international trade.
Warren Buffett criticized the U.S. use of tariffs as a trade weapon, arguing it alienates global partners and disrupts markets. He expressed confidence in America's long-term prospects despite current market turmoil, noting Berkshire Hathaway's substantial cash reserves for future investment opportunities. As he continues to lead the company at 94, concerns about succession are eased by Vice Chairman Greg Abel's readiness to take over.
Warren Buffett, addressing Berkshire Hathaway shareholders, criticized the U.S. for using trade as a weapon, particularly under President Trump's tariffs, advocating for balanced global trade. Despite holding $347.7 billion in cash due to a lack of attractive investments, he remains optimistic about America's future. The annual meeting attracted around 40,000 attendees, including notable figures like Hillary Clinton, as Buffett, 94, continues to lead the company he has helmed for 60 years.
Warren Buffett announced his intention to retire at the end of the year, recommending Vice Chairman Greg Abel as his successor. During the Berkshire Hathaway annual meeting, Buffett expressed concerns over President Trump's tariffs and their potential global impact, while also noting the company's substantial cash reserves. Abel, who has managed Berkshire's non-insurance businesses, will now take on broader responsibilities, with Buffett pledging to keep his investments in the company.
Warren Buffett, addressing Berkshire Hathaway shareholders, criticized the U.S. for using trade as a weapon, referencing President Trump's tariffs that have unsettled global markets. He emphasized the importance of balanced trade and expressed confidence that Berkshire's cash reserves will soon be met with attractive investment opportunities. The annual meeting drew around 40,000 attendees, including notable figures like Hillary Clinton.
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