Renowned investor Warren Buffett announced his resignation as CEO of Berkshire Hathaway only moments after bashing President Donald Trump’s tariffs as an “act of war” against allies.
“And I want to spring that on the directors, effectively, and give that as my recommendation,” he added.
Buffett, who is worth over $165 billion, led the company for 60 years.
Warren Buffett is stepping down as CEO after 60 years of running the company.
Buffett said his departure would be news to the company’s board, which is gathering Sunday to discuss the transition.
Buffett is often called the “Oracle” or Sage" of Omaha—where he was born—for accumulating such massive wealth.
In 2010, with philanthropist Bill Gates, Buffett founded the Giving Pledge to encourage other billionaires to give away at least half of their fortunes. »