US Edition
Berkshire CEO Greg Abel on working with Buffett, Kraft Heinz and using all his salary to buy the stock
Greg Abel commits entire after-tax salary to Berkshire shares and confirms no plans to sell Kraft Heinz stake amid leadership transition, emphasizing alignment with shareholders.
7 Articles
7 Articles
Berkshire Hathaway resumes share repurchases, CEO Abel buys stock for himself
NEW YORK — Berkshire Hathaway has begun repurchasing its own shares following a nearly two-year hiatus, as Greg Abel puts his stamp on the conglomerate after succeeding Warren Buffett as chief executive in January.
Greg Abel sits on record-high cash reserves of $370 billion. But he warns for caution – and refuses to pursue short-term profits.
New CEO Greg Abel Did Not List 2 of Berkshire Hathaway's Largest Equity Positions as "Core Holdings." Are They on the Chopping Block?
Key PointsIn his letter to shareholders, new Berkshire Hathaway CEO Greg Abel listed four companies that he views as "core holdings" in the large equities portfolio.What's more interesting is the companies he didn't list.Some of the omissions included stocks in the portfolio's current top five holdings.10 stocks we like better than Chevron › New Berkshire Hathaway CEO Greg Abel launched his tenure as the company's new chief with an 18-page lette…
OMAHA. Greg Abel makes no illusions: "It is of course extremely difficult to step into Warren's feet", wrote the CEO of the US investment company Berkshire Hathaway recently in his first action letter. "Warren" is Warren Buffett, one of the most well-known and successful investors, now 95 years old.
STOCK MARKET: Berkshire CEO Greg Abel on working with Buffett, Kraft Heinz and using all his salary to buy the stock
The stocks erased some of those losses to end the week down around 1.2%. CNBC.com’s Yun Li quotes Keefe, Bruyette & Woods analyst Meyer Shields as saying he views “both the resumed share repurchases and Greg’s commitment to annual buying as positives, but they don’t change the earnings challenges at units like GEICO or Berkshire Hathaway Reinsurance.” Gabelli Funds portfolio manager Macrae Sykes thinks “it’s great to see more economic alignment …
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
