Warren Buffett steps down as chairman of Berkshire Hathaway, appoints son Howard as successor

In a significant leadership change, Warren Buffett has stepped down as chairman of Berkshire Hathaway after more than 50 years. His son, Howard Buffett, has been appointed as the new chairman, while Warren will continue to serve as chairman emeritus and remain on the board. This transition follows Warren's earlier resignation as CEO, marking a new era for the company he transformed into a major investment firm.