WARREN BUFFETT IS STEPPING DOWN AS CHAIRMAN OF BERKSHIRE HATHAWAY Legendary investor Warren Buffett is stepping down as chairman of Berkshire Hathaway after more than five decades, marking the end of an era for one of Wall Street's most storied companies. In a statement, Berkshire Hathaway said Buffett had been named chairman emeritus, effective immediately, and will remain a member of the board of directors. He will be replaced as chairman by his son, Howard Buffett, the release said. The elder Buffett gained control of Berkshire in 1965, when it was a New England textile manufacturer, and transformed it into a conglomerate that eventually became one of the world's largest public companies. Full article: https://www.msn.com/en-us/news/other/warren-buffett-is-stepping-down-as-chairman-of-berkshire-hathaway/ar-AA2cuwFA?ocid=BingNewsSerp