Buffett steps down as Berkshire chairman
After half a century of drinking Cherry Coke and outlasting Wall Street, the Oracle is finally handing the chairman gavel to his kid.
After steering Berkshire Hathaway for literally longer than most of the brokers trading its stock have been alive, Warren Buffett is finally stepping down as chairman.
Over fifty years in the big chair. Most people dream of retirement in their sixties, but Buffett treated running an economic powerhouse like an endless weekend hobby right up into his nineties. And instead of some ruthless hedge-fund shark taking over the boardroom, the gavel goes straight to his son, Howard.
Classic family business rules still apply, even when the family shop happens to own half the freight trains and insurance policies in the country.
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