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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 this information was to bolster self-confidence while in the Management of a 메이저사이트 "Buffett-a lot less Berkshire", critics have noted that this approach of selecting a successor with no concrete exit approach with the sitting CEO usually leaves a corporation with much less long-term alternatives, when doing small to serene shareholder panic.[37]