Warren Buffett, 96, steps down
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Warren Buffett gives up chairman title at Berkshire Hathaway in the next step of his succession plan
Warren Buffett is stepping down as chairman of Berkshire Hathaway after serving in the role for more than 50 years.The company said Friday that the 96 year-old Buffett will take become chairman emeritus and will take on his new role immediately.
The events of August 1991 had a huge impact on Buffett’s career. First of all, saving Salomon Brothers elevated him to a world-famous financial statesman. Although Buffett was already well known and respected on Wall Street, his testimony as part of the Congressional hearings on the Salomon scandal introduced Buffett to middle America.
Influential US billionaire investor Warren Buffett stepped down as chairman of Berkshire Hathaway, the conglomerate announced on Friday, US time.