Warren Buffett Steps Down as Chairman of Berkshire Hathaway
Warren Buffett has stepped down from his role as chairman of Berkshire Hathaway, effective immediately. The announcement was made by the conglomerate on Friday and marks the end of a legendary six-decade career in investing. At age 96, Buffett led Berkshire Hathaway since its acquisition in 1965 and became known for his prudent investment strategies. Berkshire Hathaway's shares dipped slightly early on Friday following the news. The transition comes after decades under Buffett’s leadership, during which he built a vast portfolio of companies across various industries through disciplined value investing principles.
