Warren Buffett steps down as Berkshire Hathaway chairman
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Warren Buffett will step down as chairman of Berkshire Hathaway, less than a year after handing over the CEO reins, the company said Friday.The big picture: The "Oracle of Omaha" is 96, and his insurance-to-railroads conglomerate is moving onto a new generation, with his son Howard as chairman. "Father Time always wins," Buffett said in a letter to shareholders announcing the news. What they're saying: Buffett said the time was right to step aside from leading the board, after transitioning the
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