Warren Buffett Steps Down After Six Decades Leading Berkshire Hathaway
The billionaire investor, who took control of the company in 1965, said "Father Time always wins" as he ended his tenure at the helm.
Warren Buffett has stepped down after six decades leading Berkshire Hathaway, according to a report by BBC Business.
Buffett took control of the company in 1965, when it was a struggling textile mill, and grew it into a global conglomerate, the BBC reported.
Announcing his departure, Buffett said "Father Time always wins," according to the report.
The BBC report did not provide further details on the circumstances of his departure or who would succeed him.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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