Warren Buffett is stepping down as chairman of Berkshire Hathaway after 61 years, becoming chairman emeritus at age 96. His son Howard Buffett will succeed him as chairman, while Greg Abel continues as CEO. Buffett transformed Berkshire from a textile manufacturer into a major conglomerate through value investing and remains one of the world's wealthiest people.
Warren Buffett's 71-year-old son Howard became Berkshire Hathaway's chairman after his father stepped down, transitioning from a career as a farmer, sheriff, war photographer, and foundation leader. Howard will serve as a guardian of Berkshire's culture and values rather than manage day-to-day operations, which remain under CEO Greg Abel. He also helps distribute his father's $145 billion fortune through family foundations.
Warren Buffett, 96, is stepping down as chairman of Berkshire Hathaway after leading the $1 trillion conglomerate since 1965, becoming chairman emeritus while his son Howard assumes the role. CEO Greg Abel, who took over in 2025, will continue running operations while Howard serves as guardian of the company's culture and values. Buffett cited his advancing age, noting "Father Time always wins," but expressed confidence in Berkshire's future.
Ultima VII: The Black Gate (1992) from Origin Systems is regarded as one of the greatest RPGs ever made, influencing major developers like Todd Howard and Swen Vincke. The game pioneered technical achievements like seamless open-world exploration without loading screens and blended fantasy with murder mystery gameplay, with creator Richard Garriott intentionally addressing social issues through its antagonist and narrative design.