At a glance
Warren Buffett announced his retirement from the leadership of Berkshire Hathaway after more than six decades in charge. The transition marks a major shift in one of the world's largest investment firms.
Warren Buffett announced he's retiring from leadership of Berkshire Hathaway after more than six decades as the company's controlling figure. The transition ends one of the longest individual tenures at the head of a major corporation.
Buffett has been so identified with Berkshire that his departure is genuinely historic—there's no modern equivalent of a single investor running a major conglomerate for 60 years. The succession plan has been established for years, so this isn't a sudden crisis. But it marks the end of an era where one person's investment philosophy directly shaped what one of the world's largest financial institutions did with its capital.
Citation trail
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