Warren Buffett steps down as Berkshire Hathaway chairman
The 96-year-old had announced plans last year to retire from leading the business group.
In an annual shareholders' letter, 96-year-old Warren Buffett announced his resignation as chairman of the board of Berkshire Hathaway. His son, Howard Buffett, will assume the role of president of the board. Despite stepping down as CEO, Howard Buffett will remain on the board and contribute his esteemed judgment and insights to the company.
Berkshire Hathaway, a billion-dollar investment firm, is known for Buffett's long-term strategy and focus on acquiring valuable companies at fair prices. He regularly outperformed the overall market and announced his departure from the CEO position to Greg Abel, a long-time colleague. Berkshire Hathaway plans to recover from the weakening American real estate market and is stepping back from tech stocks like Apple while re-entering the media industry by investing in The New York Times.
The company's share price is at its lowest point, and Buffett warns against the "gambling frenzy" of investors.
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- Warren Buffett steps down as Berkshire Hathaway chairman koreatimes.co.kr
- Warren Buffett’s farewell letter as Berkshire Hathaway chairman includes a big vote of confidence for Greg Abel fastcompany.com
- Warren Buffett steps down as Berkshire Hathaway chairman timesofindia.indiatimes.com
- Warren Buffett steps down as Berkshire Hathaway chairman axios.com
- Warren Buffett steps down as Berkshire Hathaway chairman thehill.com
- Warren Buffett Steps Down as Berkshire Hathaway Chairman bloomberg.com
- Warren Buffett steps down as Berkshire Hathaway chairman npr.org
- Warren Buffett is also stepping down as chairman of Berkshire Hathaway nzz.ch
