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Warren Buffett steps down as Berkshire chairman, son named successor
The gist
Warren Buffett, 96, stepped down as Berkshire Hathaway chairman and named son Howard as successor.
The move ends a 56-year chairmanship, with Greg Abel running the company.
How it unfolded
- 1965Buffett took over Berkshire Hathaway, then a failed New England textiles mill, at age 34.
- 1970Buffett had served as Berkshire Hathaway's chairman since 1970.
- 1993Howard Buffett joined Berkshire's board as a director.