Buffett Steps Aside as Berkshire Hathaway Chair; Son Takes the Reins

Warren Buffett is stepping down as Berkshire Hathaway chairman after more than six decades, becoming chairman emeritus as his son Howard G. Buffett takes over the role; Buffett had already stepped down as CEO eight months ago, with Greg Abel succeeding him and staying on as CEO. He will remain on Berkshire’s board and continue to offer guidance. Berkshire, which owns BNSF, Geico, and brands like Duracell and Dairy Queen, remains a major investor with Apple as its largest holding and recent Alphabet investment; Buffett also reiterated his philanthropic legacy.