Buffett Steps Down as Berkshire Chairman After 61 Years
The transition closes a 61-year leadership chapter and puts Berkshire's succession plan and governance model in focus for investors.
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The transition closes a 61-year leadership chapter and puts Berkshire's succession plan and governance model in focus for investors.
The leadership change puts Berkshire Hathaway's succession plan under a sharper governance test as investors assess the company beyond its longtime chairman.
The 95-year-old resets the timeline to a phased eight-year wind-down, removes the Gates Foundation, and names a successor to manage Berkshire's next era.
The Warren Buffett Indicator — the ratio of total US stock market capitalization to gross domestic product — has…