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In Berkshire Hathaway's annual shareholder letter dated February twenty five, 2012, Buffett explained that his successor as CEO had been selected internally although not named publicly. While the intent of the concept was to bolster self-confidence inside the leadership of the "Buffett-a lot less Berkshire", critics have famous that this method of choosing a successor with out a concrete exit 메이저사이트 tactic for the sitting CEO generally leaves an organization with much less lasting selections, although executing small to quiet shareholder worry.[37]