Buffett Announces Retirement by End of 2025, Criticizes Trump for Treating Trade as a Weapon
At the age of 94, Warren Buffett announced at the Berkshire Hathaway's 60th annual meeting that he will step down as CEO by the end of 2025, designating Vice Chairman Greg Abel as his successor. The news stunned the 40,000 shareholders present, who stood in applause. Buffett also commented on President Trump's trade policies, stating that trade should not be treated as a weapon.
Reflecting on his over sixty years of leadership, Buffett continues to emphasize the importance of value investing. He believes that business growth should coexist with societal prosperity. His successor Abel has been with the company since 1992 and is expected to carry on Buffett's legacy of success.
