Buffett Exits, Names Son Howard as Berkshire's Chairman

巴菲特卸任伯克希尔主席 霍华德继任
导读

《华尔街日报》周末版:巴菲特卸任伯克希尔·哈撒韦主席,任命儿子霍华德继任,自己留任荣誉主席。CEO 已于一月移交格雷格·阿贝尔。酝酿多年的继任计划至此完成,标志巴菲特 60 余年任期的最终篇章。

《华尔街日报》周末版 | 作者 Gareth Vipers | 211 词 · 难度 ★★★★☆ 巴菲特卸任伯克希尔主席,任命儿子霍华德继任,自己留任荣誉主席。CEO 已于一月移交格雷格·阿贝尔。霍华德声明"职责范围很窄"——领导董事会、保护文化与价值观。酝酿多年的继任计划至此完成。

第一段:巴菲特卸任与权力交接

“Warren Buffett stepped down as chairman of Berkshire Hathaway and appointed his son Howard to succeed him, capping an era that began in the 1960s that has brought the $1 trillion conglomerate into a new era.”

英文原文 Warren Buffett stepped down as chairman of Berkshire Hathaway and appointed his son Howard to succeed him, capping an era that began in the 1960s that has brought the $1 trillion conglomerate into a new era. Buffett, who had stepped down as Berkshire's next chairman years earlier, announced the news Friday in a letter to investors. Buffett ceded his role as CEO to Greg Abel in January. He said he would remain on the board and serve as chairman emeritus. Howard, known as Howie, will assume the chairman role effective immediately. The company said Warren Buffett will "continue to offer his valued judgment and perspective." Charlie Munger, Berkshire's longtime vice chairman, died in 2023.

中文翻译 沃伦·巴菲特卸任伯克希尔·哈撒韦公司主席一职,并任命其子霍华德接任,由此终结了一个始于 1960 年代、曾将这间市值 1 万亿美元的企业集团带入新纪元的时代。巴菲特此前数年已卸任伯克希尔下一任主席,他在周五致股东的一封信中宣布了这一消息。今年一月,巴菲特已将 CEO 职务移交给格雷格·阿贝尔。他表示自己将继续留在董事会,并出任荣誉主席。霍华德(小名 Howie)将即刻正式接任主席。公司方面表示,沃伦·巴菲特将"继续提供他宝贵的判断与视角"。伯克希尔长期担任副主席的查理·芒格于 2023 年逝世。

长难句解析 结构:主谓 + 介词短语 + 并列谓语(and 连接)+ 不定式短语作宾补 + 现在分词短语作伴随状语 + 双重定语从句。解析:Warren Buffett 主语;stepped down as chairman of Berkshire Hathaway 第一个谓语;and appointed his son Howard to succeed him 第二个谓语,to succeed him 不定式短语作 Howard 的宾语补足语;capping an era that began in the 1960s that has brought the $1 trillion conglomerate into a new era 现在分词短语作伴随状语,其中 an era 后接两个 that 定语从句——第一个 that began in the 1960s 描述时代起点,第二个 that has brought the $1 trillion conglomerate into a new era 描述时代成就。要点:英文新闻常用并列谓语以丰富信息密度;现在分词 capping 作伴随状语,逻辑主语即主句主语;多重 that 定语从句嵌套是英文长句典型特征;capping 一词兼有"封顶、终结"之意。

固定搭配

▪stepped down as chairman of Berkshire Hathaway — 卸任伯克希尔·哈撒韦公司主席;例:He stepped down as chairman of Berkshire Hathaway.
▪appointed his son Howard to succeed him — 任命儿子霍华德继任;例:He appointed his son to succeed him.
▪capping an era that began in the 1960s — 终结始于 1960 年代的时代;例:This caps an era that began decades ago.
▪ceded his role as CEO to Greg Abel in January — 一月将 CEO 职务移交给格雷格·阿贝尔;例:He ceded his role as CEO to Greg Abel.

第二段:霍华德的声明——信心与责任

“My responsibility is a narrow one: to lead the Board well and help protect the culture and values that make this company exceptional.”

英文原文 "Buffett served on this board since 1939 and have had the benefit of watching my father and Charlie build Berkshire." Howard Buffett wrote in a statement. "Greg runs the company and has my full confidence. My responsibility is a narrow one: to lead the Board well and help protect the culture and values that make this company exceptional."

中文翻译 "巴菲特自 1939 年起便在此董事会服务,并有幸见证我的父亲与查理共同缔造伯克希尔。"霍华德·巴菲特在一份声明中写道。"格雷格执掌公司,并获得我充分的信任。我的职责范围很窄:妥善领导董事会,并协助保护使这家公司卓越非凡的文化与价值观。"

长难句解析 结构:主系表 + 冒号同位语(不定式短语)+ 并列不定式 + 定语从句。解析:My responsibility 主语;is a narrow one 主系表结构,one 指代 responsibility 避免重复;冒号后 to lead the Board well and help protect the culture and values that make this company exceptional 是不定式短语作同位语,对 narrow one 具体展开;to lead the Board well 第一个不定式,help protect the culture and values 第二个不定式(help 后接不带 to 的不定式 protect,即"help do"结构);that make this company exceptional 是 that 引导的定语从句修饰 culture and values。要点:a narrow one 中 one 是替代词;冒号后的不定式短语作同位语是英文声明典型写法;help do 结构(不带 to)属高频考点。

固定搭配

▪served on this board since 1939 — 自 1939 年起在此董事会服务;例:He has served on this board since 1939.
▪has my full confidence — 获得我充分的信任;例:Greg has my full confidence.
▪my responsibility is a narrow one — 我的职责范围很窄;例:My responsibility is a narrow one.
▪help protect the culture and values — 协助保护文化与价值观;例:To help protect the culture and values.

第三段:继任计划的完成与伯克希尔的独特地位

“Howard's appointment completes a succession plan years in the making, marking the final chapter in his father's tenure.”

英文原文 Howard's appointment completes a succession plan years in the making, marking the final chapter in his father's tenure. From a company he transformed into a paragon of American capitalism. In many ways, Berkshire remains a unique corporate institution.

中文翻译 霍华德的任命完成了一项酝酿多年的继任计划,也标志其父亲任期的最终篇章落下帷幕——从一家他亲手改造为美国资本主义典范的公司。诸多方面而言,伯克希尔仍是一家独特的企业机构。

长难句解析 结构:主谓宾 + 介词短语 years in the making 作后置定语 + 现在分词短语 marking… 作伴随状语。解析:Howard's appointment 主语(名词所有格 + 名词);completes a succession plan 主谓宾结构;years in the making 介词短语作 succession plan 的后置定语(惯用表达,意为"酝酿多年的");marking the final chapter in his father's tenure 现在分词短语作伴随状语,其中 in his father's tenure 介词短语作 chapter 的后置定语。要点:years in the making 是地道英文惯用表达,常作后置定语;现在分词 marking… 作伴随状语表结果/补充说明;本句结构紧凑但层次分明。

固定搭配

▪completes a succession plan years in the making — 完成酝酿多年的继任计划;例:It completes a succession plan years in the making.
▪marking the final chapter in his father's tenure — 标志其父亲任期的最终篇章;例:Marking the final chapter in his tenure.
▪transformed into a paragon of American capitalism — 改造为美国资本主义的典范;例:He transformed it into a paragon of American capitalism.
▪remains a unique corporate institution — 仍是独特的企业机构;例:Berkshire remains a unique corporate institution.

考研 / 四六级重点词汇

▪conglomerate /kənˈɡlɑːmərət/ n. 企业集团 — 释义:a large company made up of several different businesses;考点:高频商务词汇,动词 conglomerate 意为"聚集",形容词与名词同形,相关词 merger(合并)、holding company(控股公司);例句:Berkshire Hathaway is a $1 trillion conglomerate with businesses ranging from insurance to railroads.
▪emeritus /iˈmerɪtəs/ adj. 荣誉退休的 — 释义:used after a title to indicate someone who has retired but keeps the title as an honor;考点:仅作表语或后置定语(chairman emeritus 荣誉主席、professor emeritus 荣誉教授),不可前置,同义 honorary;例句:Warren Buffett will serve as chairman emeritus after stepping down.
▪succession /səkˈseʃn/ n. 继任、继承 — 释义:the act of inheriting a position or title;考点:高频商务/政治词汇,搭配 succession plan(继任计划)、succession to the throne(王位继承)、in rapid succession(连续不断),动词 succeed,形容词 successive(连续的);例句:Howard's appointment completes a succession plan years in the making.
▪paragon /ˈpærəɡɑːn/ n. 典范、模范 — 释义:a person or thing regarded as a perfect example of a particular quality;考点:高频写作词汇(褒义),常与 of 短语连用(paragon of virtue 道德典范),同义 model、exemplar、epitome,反义 pariah;例句:Under Buffett's leadership, Berkshire was transformed into a paragon of long-term value investing.

全文概括

中文段落大意:沃伦·巴菲特卸任伯克希尔·哈撒韦主席,任命儿子霍华德继任;他此前已将 CEO 职务于一月移交给格雷格·阿贝尔,将出任荣誉主席。巴菲特自 1939 年起服务董事会,长期合伙人查理·芒格已于 2023 年逝世。霍华德在声明中表示对格雷格·阿贝尔充满信心,并明确自己"职责范围很窄"——领导董事会并保护伯克希尔独特的企业文化与价值观。霍华德的任命完成酝酿多年的继任计划,标志父亲任期的最终篇章;巴菲特将伯克希尔改造为美国资本主义的典范,公司至今仍是独特的企业机构。

打卡作业

任务:请将以下句子翻译成中文,重点关注"并列谓语 + 不定式宾补 + 现在分词短语作伴随状语 + 双重定从嵌套"这一复合长句结构。

“Warren Buffett stepped down as chairman of Berkshire Hathaway and appointed his son Howard to succeed him, capping an era that began in the 1960s that has brought the $1 trillion conglomerate into a new era.”

💬 在评论区留下你的翻译,下期公布参考答案!(提示:stepped down as… 意为"卸任、辞去……职务";and appointed his son Howard to succeed him 并列谓语,to succeed him 不定式作宾补;capping an era… 现在分词作伴随状语,逻辑主语是主句主语;两个 that 都引导定语从句修饰 era——第一个描述时代起点,第二个描述时代成就;bring…into a new era 意为"将……带入新纪元"。)

本期文化背景补充

▪Berkshire Hathaway(伯克希尔·哈撒韦):美国多元化控股公司,总部奥马哈,业务涵盖保险(GEICO)、铁路(BNSF)、能源及可口可乐/美国运通/苹果等投资;巴菲特 1965 年掌管以来从濒临破产的纺织企业发展为全球最受尊敬的控股集团之一。
▪Warren Buffett(沃伦·巴菲特,1930-):"奥马哈先知"(Oracle of Omaha),价值投资之父,深受本杰明·格雷厄姆影响,与芒格长期搭档;截至 2026 年执掌伯克希尔已超过 60 年。
▪Howard Buffett(霍华德·巴菲特):沃伦次子,小名 Howie,长期担任伯克希尔董事,深度参与慈善(Howard G. Buffett Foundation);2026 年 9 月接任主席。
▪Greg Abel(格雷格·阿贝尔):2021 年任伯克希尔非保险业务副董事长,2022 年被确认为接班候选人,2026 年 1 月正式接任 CEO。
▪Charlie Munger(查理·芒格,1924-2023):巴菲特数十年合伙人,伯克希尔副主席,被誉为"巴菲特背后的智慧",2023 年 11 月逝世享年 99 岁。
▪Chairman Emeritus(荣誉主席):企业界常见的名誉职位,授予已卸任但仍受尊敬的领导者;巴菲特保留此衔以继续提供"宝贵的判断"。
▪Conglomerate(企业集团):通过收购、控股整合多个不同领域企业的大型商业实体;伯克希尔是全球最大、最成功的企业集团之一,市值曾突破 1 万亿美元。
▪Succession Plan(继任计划):公司为高层职位预先制定的接班人计划;伯克希尔的继任计划历经多年筹备,由巴菲特亲自主导确保"软着陆"。
▪Capping(封顶、终结):英文常用 capping + 抽象名词表示"标志着……的终结/顶点";capping an era that began in the 1960s 呼应巴菲特退位的历史意义。
▪Berkshire's Unique Corporate Culture(伯克希尔独特企业文化):巴菲特与芒格打造的去中心化、信任型管理模式——子公司高度自治,伯克希尔总部仅 30 余人;"culture and values"是伯克希尔最被外界称道的资产之一。
▪The Wall Street Journal Weekend(华尔街日报周末版):每周六/日发行,包含 REVIEW、WSJ. Magazine、OFF DUTY 等特色板块。
▪American Capitalism Paragon(美国资本主义典范):美国主流媒体常以 paragon of American capitalism 形容成功且具代表性的美国企业;伯克希尔因长期价值投资、不追逐短期热点被视为典范。
▪Paragon vs. Exemplar vs. Model:三者均含"典范"之意——paragon 强调完美无瑕(多用于人/美德),exemplary 强调可作楷模,model 强调可被模仿;本文用 paragon 凸显伯克希尔的标杆地位。
▪Roman Numerals(罗马数字):WSJ VOL. CCLXXXVIII = 288(CC=200, LXXX=80, VIII=8);NO. 68 即第 68 期,WSJ 延续使用罗马数字标注卷期,是其 1889 年创刊以来的传统版面元素。
▪WSJ VOL. CCLXXXVIII NO. 68:华尔街日报第 288 卷第 68 期,反映其作为美国历史最悠久报纸之一的延续性。

本期小结

本文报道沃伦·巴菲特卸任伯克希尔·哈撒韦主席,任命儿子霍华德继任,并保留荣誉主席身份;CEO 已于一月移交格雷格·阿贝尔。霍华德声明"职责范围很窄"——领导董事会、保护文化与价值观。酝酿多年的继任计划至此完成,标志巴菲特 60 余年任期的最终篇章。结构清晰(事件→声明→意义),是商业传承报道的典范写法。重点掌握:stepped down as chairman of Berkshire Hathaway(卸任主席);appointed his son Howard to succeed him(任命继任);capping an era that began in the 1960s(终结时代);ceded his role as CEO to Greg Abel(移交 CEO);has my full confidence(充分信任);my responsibility is a narrow one(职责范围很窄);help protect the culture and values(保护文化与价值观);completes a succession plan years in the making(完成继任计划);marking the final chapter in his father's tenure(标志最终篇章);transformed into a paragon of American capitalism(改造为典范);remains a unique corporate institution(仍是独特机构)。

上期回顾

上期文章:NYT《Evidence of A.I. Going Rogue Shows Up in 6 More Instances》(OpenAI 失准六起事件)。打卡原句:OpenAI has disclosed six new instances in which artificial intelligence systems hid mistakes, made up data and moved files onto the open internet without permission, amid a continuing industrywide debate about A.I. safety. 参考答案:在全行业围绕 A.I. 安全的辩论持续发酵之际,OpenAI 披露了六起新事件:其人工智能系统隐瞒错误、编造数据,并在未获授权的情况下将文件移至开放互联网上。 要点:disclosed six new instances in which… in which 引导定语从句修饰 instances;hid mistakes, made up data and moved files 三个并列谓语保留并列结构;without permission 未获授权;amid a continuing industrywide debate about A.I. safety 背景状语前置使中文叙事更自然;industrywide 合成形容词"全行业的"。 文化背景:OpenAI、A.I. Alignment(对齐)、Misalignment Framework(失准报告框架)、Hugging Face(A.I. 开源平台)、Anthropic & Dario Amodei(安全派代表)、Going Rogue(失控)、Negation Transfer(否定转移语法现象)。

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作者 / Leo
来源 / The Wall Street Journal
2026-09-19
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