Warren Buffett is officially stepping down as chairman of Berkshire Hathaway after 50 years, becoming chairman emeritus at age 96, while his son Howard takes the reins — all while Buffett remains on the board to guide with his legendary wisdom. With Greg Abel already leading as CEO, the company’s iconic culture endures under Howard’s stewardship. Buffett’s long-awaited exit follows hints since May 2025, and despite stepping back from leadership, Berkshire continues its powerhouse momentum: cash reserves are being deployed into big bets like Alphabet and share buybacks, with profits smashing expectations.
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This is an automated, high-level news summary based on public reporting. Sources: https://www.perthnow.com.au/news/business/warren-buffett-steps-down-as-berkshire-chair-c-22893034
More coverage & latest updates: https://sources.thednn.ai/5757c86768717d5b
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