Warren Buffett has stepped down as Berkshire Hathaway chairman after more than six decades at the company, becoming chairman emeritus as his son Howard takes over the board and Greg Abel remains CEO. Bloomberg News Insurance Reporter Alex Rajbhandari explains that Howard Buffett, a Berkshire director since 1993, is tasked with safeguarding the company’s culture and values as the conglomerate completes its long-planned leadership transition.
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