Warren Buffett steps down as Berkshire Hathaway chair, succeeded by his son

Warren Buffett is stepping down as chairman of Berkshire Hathaway (BRK-A, BRK-B) — to be replaced by his son Howard — after holding the position since 1970. He will be transitioning into a chairman emeritus role. Morning Brief Host Julie Hyman is joined by Yahoo Finance's Jake Conley and Washington Crossing Advisors senior portfolio manager Chad Morganlander to react to this announcement. Video Transcript 00:00 Speaker A Warren Buffett is going to become Chairman Emeritus of Berkshire Hathaway. Um his son Howard who has been on the board for a long, long time is going to take over as chairman. I mean, but like 00:15 Speaker A just he's so good. 00:18 Speaker B He is so good.