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Pershing Square Inc. shares have rallied despite weak fund performance, leaving Bill Ackman’s management company with a lofty valuation.
Berkshire Hathaway (NYSE:BRK.A) announced that Warren Buffett has stepped down as Chairman, effective immediately. The board named Howard G. Buffett as the new Chairman, while Warren Buffett will assume the title of Chairman Emeritus. The leadership change formalizes a new governance structure at Berkshire Hathaway that separates the Chair and Chief Executive roles. The move from Warren Buffett to Howard G. Buffett as Chair comes alongside broader succession planning that investors have...
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She spent 40 years building a multimillion dollar business, then sold it and discovered she had no idea what to do next. Her story reveals a trap that catches far more sellers than anyone talks about.
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