Warren Buffett’s departure as CEO of Berkshire Hathaway has been hailed as a masterclass in selfless leadership. Carolyn Dewar, senior partner and co-leader of McKinsey’s CEO practice, describes Buffett’s handover as “leadership at its most selfless.” Dewar notes that Buffett’s final letter to shareholders reminds readers that “decency is not decorative. Respect is what sustains loyalty, trust, and long-term success.” Buffett’s exit has also been seen as an example of leadership, with his decision being both personal and organizational.
Dewar emphasizes the importance of choosing the right moment to ensure a thriving future for a company, much like leaders must ask themselves whether they would pick themselves for the evolving needs of their organization. She references former Intuit CEO Brad Smith, who had an impressive succession mindset, including discussing succession with his board 44 times during his tenure.
The article also highlights Buffett’s intentional “quiet period” after stepping down as CEO, allowing his successor Greg Abel to lead authentically without interference from predecessors. This concept is often referred to as “going quiet,” and Dewar notes that successful transitions occur when the outgoing CEO supports the new leader from a respectful distance.
Ultimately, Dewar believes that Buffett’s legacy will be measured by how well he sets up his successors for success, rather than just being remembered personally. By leaving the next generation in great shape, CEOs can create a lasting impact and ensure their organization thrives beyond their tenure.
Source: https://fortune.com/2025/11/21/warren-buffett-berkshire-hathaway-legacy-joe-montana-steve-young-succession