Warren Buffett talks tariffs, succession at annual Berkshire Hathaway meeting
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Introduction:
The news topic “Warren Buffett talks tariffs, succession at annual Berkshire Hathaway meeting” has drawn international attention, with various media outlets providing diverse insights, historical context, political stances, and on-the-ground developments. Below is a curated overview of how different countries and media organizations have covered this topic recently.
Quick Summary:
- Buffett, 94, was expected to discuss his succession plans at the event. He has been with Berkshire Hathaway (BRK.B) since it was formed in 1965. Buffett will remain as chairman before turning that role over to his son, Howard Buffett, upon his death. At 13, Buffett’s family moved to Washington, DC, when his father was elected to the US House of Representatives. After earning $2,000 by the age of 15, he invested $1,200 in a 40-acre Nebraska farm. At 6, Buffett sold popular chewing gum brands and bottles of Coca-Cola, which Berkshire now has a massive stake in. He purchased his first stock in 1942 — three shares of Cities Service, an oil company, each worth about $38. He eventually sold the stock at $40, a mere profit of $2 per share, although he could have later sold for $200 per share.
- Greg Abel, 62, has been Berkshire Hathaway’s vice chair of non-insurance operations since 2018. He’s also chair of Berkshire Hathaways Energy, which Buffett hailed as one of the conglomerate’s four “jewels” The company’s board of directors will ultimately decide on his successor. Abel is known, however, for having a more hands-on management style than Buffett. He told shareholders at this weekend’s meeting that he would start by maintaining the company’s “fortress of a balance sheet,” which allows it to make large investments without relying on banks. The Canadian native played hockey in his early years and attended the University of Alberta with a degree in commerce. He was estimated by Forbes to be worth $484 million in 2021. In 2022, he sold his 1% stake in the company’s Berksh Hathaway Energy unit for $870 million.
- Berkshire Hathaway’s annual meeting ended Saturday. Warren Buffett said he plans to make Greg Abel the company’s CEO by year-end. The annual meeting is a chance for Buffett to share his views on the markets, investing and life in general. Read a full account of the day’s events in our live blog. Click here for more from the Berkshire Hathaway annual meeting. For more from “The Oracle of Omaha,” visit CNN iReport.
Country-by-Country Breakdown:
Original Coverage
Buffett, 94, was expected to discuss his succession plans at the event. He has been with Berkshire Hathaway (BRK.B) since it was formed in 1965. Buffett will remain as chairman before turning that role over to his son, Howard Buffett, upon his death. At 13, Buffett’s family moved to Washington, DC, when his father was elected to the US House of Representatives. After earning $2,000 by the age of 15, he invested $1,200 in a 40-acre Nebraska farm. At 6, Buffett sold popular chewing gum brands and bottles of Coca-Cola, which Berkshire now has a massive stake in. He purchased his first stock in 1942 — three shares of Cities Service, an oil company, each worth about $38. He eventually sold the stock at $40, a mere profit of $2 per share, although he could have later sold for $200 per share. Read full article
Who is Greg Abel, the heir apparent to Warren Buffett at Berkshire Hathaway?
Greg Abel, 62, has been Berkshire Hathaway’s vice chair of non-insurance operations since 2018. He’s also chair of Berkshire Hathaways Energy, which Buffett hailed as one of the conglomerate’s four “jewels” The company’s board of directors will ultimately decide on his successor. Abel is known, however, for having a more hands-on management style than Buffett. He told shareholders at this weekend’s meeting that he would start by maintaining the company’s “fortress of a balance sheet,” which allows it to make large investments without relying on banks. The Canadian native played hockey in his early years and attended the University of Alberta with a degree in commerce. He was estimated by Forbes to be worth $484 million in 2021. In 2022, he sold his 1% stake in the company’s Berksh Hathaway Energy unit for $870 million. Read full article
Berkshire meeting updates: Buffett proposes Abel become CEO, talks trade policy, market volatility
Berkshire Hathaway’s annual meeting ended Saturday. Warren Buffett said he plans to make Greg Abel the company’s CEO by year-end. The annual meeting is a chance for Buffett to share his views on the markets, investing and life in general. Read a full account of the day’s events in our live blog. Click here for more from the Berkshire Hathaway annual meeting. For more from “The Oracle of Omaha,” visit CNN iReport. Read full article
Warren Buffett announces plans to retire at year’s end
Warren Buffett, the CEO of investment company Berkshire Hathaway, said Saturday, May 3 that he intends to retire at the end of the year. The announcement was made during the company’s annual meeting. Earlier in his address, Buffett shared his most blunt opinion to date of the Trump administration’s sweeping tariffs. He said “trade should not be a weapon” but “there’t no question that trade can be an act of war” and likened the current political and econo to a “war’ Buffett is recognized as the world’s fourth-richest person as of April, with a net worth of more than $80 billion. He has long maintained he would never retire unless he were incapacitated. Despite using a cane, the investor has said he is still in relatively good health. Read full article
Berkshire Hathaway annual meeting: Buffett to step down as CEO at year-end, recommends Abel take over
Warren Buffett said Saturday he plans to step down as Berkshire Hathaway CEO at the end of this year. Buffett said he will recommend Greg Abel succeed him. The board is set to meet on Sunday, May 4. Abel had been tabbed as Buffett’s successor back in 2021, but he was not clued in on the plan at the time. The weekend’s main event kicked off with the legendary investor taking questions from CNBC’s Becky Quick, Ajit Jain and Berkshire shareholders. The company takes its name from the textile mill it acquired in 1965, and Buffett has served as CEO of Berkshire since 1970. He said that he has no plans to sell any of his shares of Berkshire as part of this transition. The balance of the board will begin the discussion Sunday, and Abel will take questions for a little over two hours. Read full article
Global Perspectives Summary:
Global media portray this story through varied cultural, economic, and political filters. While some focus on geopolitical ramifications, others highlight local impacts and human stories. Some nations frame the story around diplomatic tensions and international relations, while others examine domestic implications, public sentiment, or humanitarian concerns. This diversity of coverage reflects how national perspectives, media freedom, and journalistic priorities influence what the public learns about global events.
How did your country report this? Share your view in the comments.
Sources:
- Original Article
- Who is Greg Abel, the heir apparent to Warren Buffett at Berkshire Hathaway?
- Berkshire meeting updates: Buffett proposes Abel become CEO, talks trade policy, market volatility
- Warren Buffett announces plans to retire at year’s end
- Berkshire Hathaway annual meeting: Buffett to step down as CEO at year-end, recommends Abel take over
Source: https://www.cnn.com/2025/05/03/business/warren-buffett-berkshire-hathaway-meeting