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In Berkshire Hathaway's once-a-year shareholder letter dated February twenty five, 2012, Buffett mentioned that his successor as CEO had been picked out internally although not named publicly. Although the intent of this concept was to bolster self-assurance within the Management of a "Buffett-much less Berkshire", critics have pointed out that this technique of selecting a successor with out a concrete exit strategy for that sitting CEO normally leaves a company with 메이저사이트 fewer lasting alternatives, while undertaking small to tranquil shareholder concern.[37]