Buffett steps down as Berkshire Hathaway chair but 8-year-old jab still bites

Legendary investor Warren Buffett is stepping down as chairman of Berkshire Hathaway, the $1 trillion conglomerate announced on Sep. 18. He will become chairman emeritus, effective immediately, while remaining a board director as his son Howard replaces him as chairman. The "Oracle of Omaha" led Berkshire Hathaway for nearly six decades until March 2025, when he announced his exit as CEO. During his long tenure, he turned Berkshire from a struggling textile business into a trillion-dollar conglomerate spanning insurance, energy, and technology.