Warren Buffett Steps Down as Berkshire Hathaway Chairman

Warren Buffett Steps Down as Berkshire Hathaway Chairman

Warren Buffett, the 96-year-old billionaire investor, stepped down as chairman of Berkshire Hathaway on Friday after more than 50 years at the helm, becoming chairman emeritus immediately. His son Howard Buffett, a Berkshire board member since 1993, will succeed him as chairman under a long-planned succession, while Greg Abel remains CEO.

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