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Buffett steps down as Berkshire chairman; becomes chairman emeritus

Warren Buffett, Berkshire Hathaway’s former CEO, is stepping down as chairman and will become chairman emeritus, ending his executive duties at the firm.

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Warren Buffett, Berkshire Hathaway's former CEO and legendary investor, is stepping down as chairman, ending his executive duties at the firm he helped build into one of the world's largest conglomerates. Buffett, 96, will become chairman emeritus, an honorary title.