TechFlow news, May 4 — According to Jinshi Data, Buffett announced at Berkshire Hathaway's annual shareholders meeting that he will step down as CEO by the end of 2025 and recommended Greg Abel, the current Vice Chairman of Non-Insurance Operations, as his successor. Buffett stated he will remain with the company to assist and will not sell any shares.
During a 4.5-hour Q&A session, Buffett expressed strong concerns over U.S. tariff policies, calling "tariffs acts of war." He also warned that America's massive fiscal deficits will eventually backfire on the economy, stating, "This situation cannot continue indefinitely."
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