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In Berkshire Hathaway's yearly shareholder letter dated February twenty five, 2012, Buffett stated that his successor as CEO were chosen internally but not named publicly. When the intent of this concept was to bolster self esteem within the Management of the "Buffett-much less Berkshire", critics have famous this technique of choosing a successor and not using a concrete 메이저사이트 exit strategy to the sitting down CEO normally leaves an organization with less long-lasting options, although executing minimal to relaxed shareholder concern.[37]