Warren Buffett steps down as Berkshire Hathaway chairman
Axios · north america
Warren Buffett will step down as chairman of Berkshire Hathaway, less than a year after handing over the CEO reins, the company said Friday.The big picture: The "Oracle of Omaha" is 96, and his insurance-to-railroads conglomerate is moving onto a new generation, with his son Howard as chairman. What they're saying: Buffett, in a brief letter to shareholders, said the time was right to step aside from leading the board, after transitioning the CEO role to Greg Abel earlier this year. "Greg runs the company; Howard will guard its culture and values – both worth more than anything on our balance
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