Warren Buffett Steps Down, Says ‘Father Time Always Wins’

Warren Buffett announced on Friday that he is stepping down as Berkshire Hathaway’s chairman. Buffett tapped his son Howard Buffett, 71, to replace him effective immediately. Warren Buffett will become chairman emeritus. “Serving as your Chairman has been the privilege of a lifetime, and I have never taken your trust for granted,” Buffett said in ...