Warren Buffett announces intention to retire

Revered investor Warren Buffett shocked an arena full of his shareholders Saturday by announcing that he wants to retire at the end of the year. Buffett said he will recommend to Berkshire Hathaway's board that Greg Abel should become CEO at the end of the year. Stream NBC10 Boston news for free, 24/7, wherever you are. WATCH HERE WATCH HERE “I think the time has arrived where Greg should become the Chief Executive office of the company at year end," Buffett said. Abel has been Buffett’s designated successor for years, and he already manages all of Berkshire’s noninsurance businesses. But…