Warren Buffett Announces Retirement Plans at Berkshire Hathaway Meeting

According to PANews, U.S. investor Warren Buffett revealed his intention to retire by the end of the year during the annual Berkshire Hathaway shareholders meeting, surprising attendees. Buffett announced his plan to recommend Greg Abel, Vice Chairman of Non-Insurance Business, to succeed him as CEO, stating that Abel is ready for the role. The announcement came after a five-hour Q&A session, with Buffett declining to answer any related questions. He mentioned that only his two children, Howard Buffett and Susie Buffett, were aware of his decision among the board members.