Thread

Warren Buffett Steps Down as Berkshire Chairman, Names Son to Replace Him

323 points · 221 comments · saimiam

keiferski · 1789732619 · focus · HN ↗
Buffett has been planning this since at least 2011:
CHICAGO (MarketWatch) -- Warren Buffett has told the CBS News program "60 Minutes" that after he dies, he wants his son to become non-executive chairman of Berkshire Hathaway. Howard Buffett, a farmer with no college degree, would be a good successor, the elder Buffett said, because he understands the values of the company.
<a href="http://www.marketwatch.com/story/warren-buffett-wants-farmer-son-to-succeed-him-2011-12-09" rel="nofollow">http://www.marketwatch.com/story/warren-buffett-wants-farmer...
1. UncleOxidant · 1789756892 · focus · HN ↗
  He must actually like farming because he didn't have to become a farmer. Of course, knowing that the family fortune has your back even if the farm doesn't work out probably helps.

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