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In Berkshire Hathaway's once-a-year shareholder letter dated February 25, 2012, Buffett stated that his successor as CEO were preferred internally but not named publicly. While the intent of the concept was to bolster confidence during the leadership of a "Buffett-a lot 메이저사이트 less Berkshire", critics have famous this approach of choosing a successor without having a concrete exit approach for the sitting down CEO usually leaves a corporation with less long term selections, although accomplishing minor to calm shareholder dread.[37]