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In Berkshire Hathaway's once-a-year shareholder letter dated February 25, 2012, Buffett claimed that his successor as CEO had been picked internally although not named publicly. Whilst the intent of the information was to bolster self-confidence while in the Management of a "Buffett-considerably less Berkshire", critics have pointed out that this approach of selecting a successor without a concrete exit method for that sitting down CEO usually leaves a company with 메이저사이트 much less long-term possibilities, though doing tiny to tranquil shareholder panic.[37]