Warren Buffett reportedly steps down as Berkshire Hathaway chairman
Al Jazeera reports that the 96-year-old will become chairman emeritus immediately, with his son Howard set to take over as chairman.
TLDR
Warren Buffett is stepping down as chairman of Berkshire Hathaway, the $1 trillion conglomerate he led for more than six decades, Al Jazeera reports. He will become chairman emeritus immediately, and his son Howard will become chairman. The transition comes nine months after Buffett handed the CEO role to Greg Abel.
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