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Berkshire Hathaway announced Friday that Warren Buffett has been named chairman emeritus, effective immediately.
Warren Buffett is stepping down as chairman of Berkshire Hathaway after over 50 years. At 96, he will remain a director while his son Howard takes over.
Warren Buffett, a near-mythic figure in the American investing world, is stepping down as chairman of the company he built, Berkshire Hathaway.