Buffett cedes Berkshire chairmanship to son Howard after 60-year tenure

Warren Buffett, 96, is handing chairmanship of Berkshire Hathaway to his son Howard, marking the first leadership transition in the conglomerate's six-decade run under Buffett. The move formalizes succession at a $1 trillion+ entity, but Buffett remains involved and the strategic continuity is uncertain. Markets will watch for any shift in capital allocation or governance under Howard.