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BIZThe Guardian

Warren Buffett steps down as chair of Berkshire Hathaway after over 50 years

Photo: Scott Morgan/Reuters

‘Father Time always wins,’ Buffett, 96, says as his son, Howard, steps in as the $1tn conglomerate’s new chair Warren Buffett is stepping down as chair of Berkshire Hathaway, the company that he took from a faltering textile manufacturer into a $1tn conglomerate over the course of 60 years. Buffett’s son, Howard, 71, will take over as chair. Buffett, 96,…

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