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In Berkshire Hathaway's yearly shareholder letter dated February 25, 2012, Buffett reported that his successor as CEO had been selected internally although not named publicly. When the intent of this information was to bolster self esteem inside the leadership of the "Buffett-much less Berkshire", critics have pointed out this technique of selecting a successor with out a concrete exit strategy for that sitting CEO normally leaves a company with fewer long run options, although undertaking minimal to calm shareholder 메이저사이트 concern.[37]