Updated 1w+ ago · Business
Warren Buffett Steps Down, Son Howard Named Chair
Warren Buffett stepped down as Berkshire Hathaway's chairman on Friday, ending a role he held since 1970. His son Howard will succeed him; Buffett becomes chairman emeritus and stays on the board.
- 56 years as chairman; Buffett first took the role in 1970.
- Berkshire's share price rose more than 5,500,000% during Buffett's tenure.
- The company is valued at roughly $1.2 trillion.
- Howard Buffett, 71, has served on Berkshire's board since 1993.
Why it matters: The change completes a succession that began when Buffett handed the CEO role to Greg Abel earlier this year.
- Abel now controls day-to-day operations; Howard Buffett's role is described as guardian of company culture.
How 56 sources split on this story
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56 sources · 69 articles · 52% Center coverage
Center coverage, 29 sources: The center focuses on the mechanics of the transition — the immediate effective date, Howard's board tenure, and Abel's succession — with little added interpretation.
WESH 2 News1w+Warren Buffett steps down as Berkshire Hathaway chairmanCTV News1w+Warren Buffett steps down as Berkshire Hathaway chairman, son to take roleCNBC1w+Buffett takes next step in plan to keep Berkshire from strayingFinancial Times1w+Howard Buffett to succeed father Warren as Berkshire Hathaway chairMarketWatch1w+As Warren Buffett’s reign ends, fans should sell Berkshire — and buy these stocks insteadPennLive1w+Warren Buffett steps down as Berkshire Hathaway chairman; replacement namedUSA Today1w+Greatest investor ever? Warren Buffett's legacy at Berkshire HathawayWPXI Pittsburgh1w+Warren Buffett steps down from Berkshire Hathaway, names replacementabc27 (WHTM)1w+Warren Buffett leaving post as Berkshire Hathaway chairman after over 50 yearsAssociated Press1w+Warren Buffett steps down as Berkshire Hathaway chairman, a post he has held since 1970Axios1w+Warren Buffett steps down as Berkshire Hathaway chairmanBBC News1w+Warren Buffett steps down as Berkshire chairman after six decadesBloomberg1w+The New Buffett Chairing Berkshire’s Board Knows the Firm WellChicago Tribune1w+Warren Buffett steps down as Berkshire Hathaway chairman, a post he has held since 1970Deutsche Welle1w+Warren Buffett steps down as Berkshire Hathaway chairmanForbes1w+Billionaire Warren Buffett Steps Down As Berkshire Hathaway ChairFortune1w+Warren Buffett abruptly steps down as Berkshire chair as 'Father Time' wins, handing role to son Howard who will 'guard its culture and values' | FortuneIBTimes1w+Warren Buffett Is Stepping Down As Berkshire Chairman. These Are Some Of His Most Memorable Quotes.Jerusalem Post1w+Warren Buffett steps down as Berkshire chair, becomes chairman emeritusNOTUS1w+Warren Buffett Steps Down as Berkshire Hathaway Chairman - The Washington SunNPR1w+Warren Buffett steps down as Berkshire Hathaway chairmanPBS NewsHour1w+Warren Buffett steps down as Berkshire Hathaway chairman, after holding the post since 1970Reuters1w+Berkshire Hathaway names Warren Buffett as chairman emeritusThe Hill1w+Warren Buffett steps down as Berkshire Hathaway chairmanThe National Desk1w+Warren Buffett steps down as Berkshire Hathaway chairman after more than 50 yearsTMZ1w+Warren Buffett Steps Down as Berkshire Hathaway ChairmanWGAL 81w+Warren Buffett steps down as Berkshire Hathaway chairmanWKBN Youngstown1w+Warren Buffett leaving post as Berkshire Hathaway chairman after over 50 yearsYahoo News1w+Warren Buffett is stepping down as Berkshire Hathaway chair, and his son Howard knows his life has just officially changed
Left coverage, 14 sources: The left emphasizes the scale of Buffett's personal legacy and his transformation of Berkshire from a small firm into a global institution over six decades.
NBC News1w+Warren Buffett steps down as chairman of Berkshire HathawayThe Independent1w+Warren Buffett’s son Howard takes over as Berkshire Hathaway chairmanABC News1w+Warren Buffett steps down as Berkshire Hathaway chairmanBusiness Insider1w+5 leadership lessons from Warren Buffett as he steps down as chairmanThe New York Times1w+Who Is Howard Buffett, the New Berkshire Hathaway Chairman?Al Jazeera1w+Warren Buffett steps down as Berkshire Hathaway chairmanCleveland.com1w+Warren Buffett steps down as Berkshire Hathaway chairman; replacement namedCNN1w+Warren Buffett steps down as chairman of Berkshire HathawayDaily Kos1w+Warren Buffett steps down as Berkshire Hathaway chairman, a post held since 1970HuffPost1w+'Father Time Always Wins': Warren Buffett Steps Down As Chairman Of Berkshire HathawayLos Angeles Times1w+Warren Buffett, 96, steps down as Berkshire Hathaway chairmanThe Boston Globe1w+Warren Buffett steps down as Berkshire Hathaway chairmanThe Guardian1w+Warren Buffett steps down as chair of Berkshire Hathaway after over 50 yearsThe Washington Post1w+Warren Buffett, 96, steps down as chairman of Berkshire Hathaway
Right coverage, 13 sources: The right highlights Buffett's own words praising Abel and Howard, framing the handoff as a carefully managed, confidence-inspiring conclusion to a deliberate succession plan.
Washington Examiner1w+Warren Buffett steps down as Berkshire Hathaway chairmanThe Epoch Times1w+Warren Buffett Steps Down as Berkshire ChairmanCitizen Free Press1w+Warren Buffett steps down as chairman of Berkshire Hathaway.Daily Mail1w+Billionaire Warren Buffett, 96, steps down as chairman of Berkshire Hathaway and names his successor, as he says: 'Father time always wins'Just the News1w+Warren Buffett steps down as chairman of Berkshire Hathaway, his son will take over the positionNew York Post1w+Warren Buffett stepping down as Berkshire Hathaway chairman, names his son to replace himNewsmax1w+Warren Buffett Steps Down as Berkshire Hathaway ChairmanNTD1w+Warren Buffett Steps Down as Berkshire ChairmanOne America News1w+Warren Buffett steps down as chairman of Berkshire Hathaway, hands role to his sonThe Daily Wire1w+Warren Buffett Steps Down, Says ‘Father Time Always Wins’The Washington Times1w+Warren Buffett steps down as Berkshire Hathaway chairman, a post he has held since 1970The Western Journal1w+Warren Buffett Steps Down as Chairman of Berkshire Hathaway, Names His Replacement: 'Father Time Always Wins'Wall Street Journal1w+Buffett Steps Down as BERKSHIRE Chairman...
What’s next: Warren Buffett will remain a Berkshire board director and shareholder.
- Buffett's $27 billion Alphabet investment remains among Berkshire's largest holdings.
- How actively will Warren Buffett engage as chairman emeritus, given his age and recent reports of a weaker voice?
- Will Berkshire's investment strategy shift meaningfully under Abel's full control?
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