Warren Buffett shocks shareholders by announcing his intention to retire

Mr Buffett said he will recommend to Berkshire Hathaway’s board that Greg Abel should become chief executive at the end of the year.“I think the time has arrived where Greg should become the chief executive officer of the company at year end,” Mr Buffett said.Mr Abel has been Mr Buffett’s designated successor for years, and he already manages all of Berkshire’s noninsurance businesses. Hosted on Acast. See acast.com/privacy for more information.