Warren Buffett steps down as chairman of Berkshire Hathaway: 'Father Time always wins'
watch nowWarren Buffett is stepping down as chairman of Berkshire Hathaway, the sprawling conglomerate worth $1 trillion that he has led sin
watch nowWarren Buffett is stepping down as chairman of Berkshire Hathaway, the sprawling conglomerate worth $1 trillion that he has led since 1965. The 96-year-old legendary investor announced the move in a letter to shareholders Friday.
Buffett will become chairman emeritus, effective immediately, while remaining a director on the board, the company said in a separate announcement. His son Howard Buffett will replace him as chairman, as dictated by a long-standing succession plan, Berkshire said.
First reported by CNBC: Finance.
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