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Buffett Steps Down as Chairman | Rochester Minnesota News
Warren Buffett is stepping down as chairman of Berkshire Hathaway after 50 years, transitioning to chairman emeritus while remaining a director — a move long anticipated as part of his succession plan. His son Howard Buffett takes the reins as new chairman, while CEO Greg Abel continues running the company daily. Buffett praised both men, calling Howard the “policy that shareholders own” and trusting Abel to steer operations. The legacy of Buffett’s investment genius — which transformed a textile mill into a trillion-dollar empire — endures, even as control shifts to the next generation…
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