Warren Buffett steps down as chairman of Berkshire Hathaway and passes role to son Howard

UPDATE - follow-up to Meet Howard Buffett, the New Chairman of Berkshire Hathaway - The New York Times: Warren Buffett is stepping down from his role as chairman of Berkshire Hathaway, handing the position over to his son, Howard Buffett. The leadership change at the top of the major firm comes alongside a market reaction that saw Wall Street bounce back. Other upcoming business developments noted in market reports include the projected 2027 truck wars.