Warren Buffett steps down as Berkshire Hathaway chairman after more than 60 years
One of the longest runs in American business ends with a title change and a familiar surname.
Berkshire Hathaway said Friday that Warren Buffett, 96, is becoming chairman emeritus and will remain a member of the board, with his son Howard G. Buffett, a director since 1993, taking over as chairman effective immediately. The change comes eight months after Buffett handed the chief executive job to Greg Abel, and it closes a run at the company that began in 1965. Buffett said that "Father Time always wins," adding that time has "been generous with me" and that he is more confident than ever about what lies ahead. Under his leadership Berkshire's share price rose more than 5,500,000%, against roughly 39,000% for the S&P 500 over the same period.
Scripture for Reflection
“So teach us to number our days, that we may present a heart of wisdom.”
Reading of a long career handed on, we can ask God to help us count our own days and spend them well.
