SQUAWK/NEWS
Account
Theme
Account
Menu
Live News MNA FLASH L impact

TIMELINE — Warren Buffett's road to investing glory

By Utkarsh Shetti Sept 18 (Reuters) — Warren Buffett, Berkshire Hathaway's former CEO and legendary investor, is stepping down as its chairman, marking the end of 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 that typically does not include decision-making responsibilities. He will remain a member of the board and offer his judgment and perspective, Berkshire said. Here's a timeline of major milestones under Buffett's leadership: 1965: Buffett took over Berkshire, a struggling New England textile company, after winning a dispute with prior management, marking the origins of the famed conglomerate. The textile business shuttered in 1985 after two decades of effort to turn it around proved unsuccessful. 1967: Berkshire acquired National Indemnity, setting in motion a theme that would eventually become the financial engine of the company. The strategic acquisition gave Berkshire a growing pool of capital from insurance premiums that could be used to deploy into investments. 1988-1989: Berkshire began buying into Coca-Cola in 1988, an investment that remains one of its larges

BAC.NBRKA.NCVX.NGS.NKO.NOXY.N

This is a real-time flash headline. A verified provider body is not available, so SquawkNews does not present it as a full article.