Warren Buffett has announced his retirement as CEO of Berkshire Hathaway. The announcement came during the company's annual meeting, where he named Vice Chair Greg Abel as his successor.
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00:00Warren Buffett has announced that he is retiring as CEO of Berkshire Hathaway at the end of this year.
00:06Buffett made that announcement at Berkshire's annual meeting, ending a 60-year run as one of the world's most influential investors.
00:13Buffett named the company's vice chair, Greg Abel, as his successor and pledged to keep all of his shares.