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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 picked out internally although not named publicly. Although the intent of this information was to bolster self-assurance within the Management of a "Buffett-less Berkshire", 메이저사이트 critics have mentioned this system of choosing a successor with out a concrete exit system for the sitting CEO generally leaves an organization with fewer long run solutions, while carrying out very little to quiet shareholder fear.[37]