Warren Buffett steps down from Berkshire Hathaway role

UPDATE - follow-up to Warren Buffett steps down as Berkshire chairman, son Howard succeeds - Reuters: Warren Buffett has officially stepped down as the chairman of Berkshire Hathaway, with his son Howard taking over the position. Howard Buffett brings a diverse background to the role, having previously worked as a sheriff and a war photographer. Wall Street responded positively to the leadership change, with markets bouncing back following the announcement.