Warren Buffett steps down as Berkshire Hathaway chairman after six decades
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Warren Buffett, 96, has stepped down as Berkshire Hathaway chairman and becomes chairman emeritus while remaining on the board. Leadership passes to his son Howard, a director since 1993, nine months after Greg Abel became CEO. Since taking control in 1965, Buffett turned a struggling New England textile mill into a $1.1tn conglomerate spanning GEICO, Dairy Queen, BNSF and major Apple and Coca-Cola stakes.
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