Berkshire Hathaway's CEO Now Has to Consult Howard Buffett Before Buying Back Stock
The title is moving to his son. The $365 billion isn't.
Overview
Berkshire Hathaway (NYSE:BRKA)(NYSE:BRKB) announced Friday that Warren Buffett has been named chairman emeritus, effective immediately. His son, Howard Buffett, a Berkshire director since 1993, is the conglomerate's new chairman.
Warren Buffett isn't leaving the company. He remains a member of the board.
Details
Of course, it's still a milestone. Buffett had been Berkshire's chairman for 56 years, a run dating to 1970.
Source
Originally published at www.fool.com.
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