All articles tagged with #greg abel
Originally Published 1 hour ago — by CNBC
Buffett, in the final stretch of Berkshire Hathaway's leadership, says he's ready to spend as much as $100 billion on a truly sizable deal, but finds no 2025 opportunities at sensible prices despite a record $381.6 billion cash pile; Berkshire did close the $9.7 billion OxyChem acquisition, and new CEO Greg Abel will face pressure to deploy capital as shares lag.
Originally Published 6 days ago — by CNBC
Greg Abel, the new CEO of Berkshire Hathaway, has received a salary increase to $25 million, reflecting his new leadership role and Warren Buffett's strong endorsement, with Abel previously serving as vice chairman of the company's non-insurance operations.
Originally Published 8 days ago — by Yahoo Finance
Greg Abel, who started his entrepreneurial journey by collecting soda bottles as a child, has risen through the ranks to become the CEO and successor of Warren Buffett at Berkshire Hathaway, leading the $1 trillion company after a distinguished career in energy and corporate leadership.
Originally Published 11 days ago — by CBS News
Warren Buffett has officially stepped down as CEO of Berkshire Hathaway, appointing Greg Abel as his successor. Abel, who has been with Berkshire since 2000 and previously led Berkshire Hathaway Energy, is expected to maintain the company's decentralized model while guiding its future growth. Buffett will remain as chairman, providing mentorship, and has expressed strong confidence in Abel's leadership. The transition marks a new era for the conglomerate, with some anticipated leadership adjustments but no major upheavals.
Originally Published 11 days ago — by CNBC
Berkshire Hathaway's shares declined following Warren Buffett's retirement as CEO and Greg Abel's assumption of the role, marking a new chapter for the company. Despite the dip, Berkshire remains a strong performer with a 10.9% annual gain in 2025, and Buffett expressed confidence in Abel's leadership and the company's future.
Originally Published 12 days ago — by Financial Times
Warren Buffett has officially handed over the leadership of Berkshire Hathaway to Greg Abel, marking a significant transition in the company's management. The article discusses the implications of this change and Buffett's ongoing influence on the company.
Originally Published 12 days ago — by Reuters
Berkshire Hathaway's shares slightly declined on Warren Buffett's last day as CEO, as he prepares to hand over leadership to Greg Abel. Buffett's investment since 1965 has yielded an extraordinary 6,100,000% return, outperforming the S&P 500. Buffett remains involved as chairman, while Abel will oversee key business segments, with the future of Berkshire's $283.2 billion stock portfolio still to be announced.
Originally Published 13 days ago — by Los Angeles Times
Warren Buffett has stepped down as CEO of Berkshire Hathaway after six decades, with Greg Abel taking over. Buffett remains involved as chairman, and Abel, who has managed Berkshire's noninsurance businesses since 2018, is expected to maintain the company's decentralized culture and long-term investment approach. Investors are watching for potential changes, including possible dividend payments, but Buffett's continued influence and Berkshire's strong foundation suggest stability ahead.
Originally Published 2 months ago — by CNBC
Warren Buffett plans to accelerate giving away his $149 billion estate to his children's foundations before his successor Greg Abel takes over as CEO of Berkshire Hathaway, while maintaining confidence among shareholders. Buffett, 95, will continue to influence the company as chairman and will pass most of his wealth to his foundations, emphasizing his ongoing commitment to philanthropy and Berkshire's stability. He also shares personal updates on his health and reflects on Berkshire's resilience and future prospects.
Originally Published 2 months ago — by Bloomberg.com
Warren Buffett will skip writing Berkshire Hathaway's annual letter in 2026, passing the duty to his successor Greg Abel, as Buffett prepares to step down as CEO but remain chairman, and will not participate in the May annual meeting, marking a significant transition for the company.
Originally Published 3 months ago — by Financial Times
Greg Abel, CEO-elect of Berkshire Hathaway, has made his first major move by orchestrating a $10 billion acquisition of OxyChem, marking a significant step in his leadership.
Originally Published 1 year ago — by KETV Omaha
Warren Buffett released his annual letter to shareholders, crediting his late business partner Charlie Munger as the "architect" of Berkshire Hathaway. He expressed disappointment in the company's railroad and utilities businesses but praised its insurance dealings. Buffett also mentioned Greg Abel as his successor, stating that Abel is ready to be CEO "in all respects." The annual shareholder meeting is set for May 4.
Originally Published 2 years ago — by Fox Business
The death of Charlie Munger, Vice Chairman of Berkshire Hathaway and longtime business partner of Warren Buffett, raises questions about the future of the multibillion-dollar conglomerate. However, Buffett has assured shareholders that the company has a succession plan in place, with Greg Abel likely to become the next CEO after Buffett. Abel, who currently oversees Berkshire's non-insurance division, is viewed as a primary contender for the role. Ajit Jain, who runs the conglomerate's insurance businesses, is also considered a potential successor. Additionally, Buffett's eldest son, Howard Buffett, is expected to become non-executive chairman to preserve Berkshire's culture. Todd Combs and Ted Weschler, who assist Buffett in managing the company's common stock portfolio, are likely to take over those responsibilities. Despite the challenges of envisioning Berkshire without Buffett and Munger, Munger expressed confidence that Abel would uphold the company's culture.
Originally Published 2 years ago — by CNBC
Greg Abel, the vice chairman for non-insurance operations at Berkshire Hathaway and Warren Buffett's heir apparent, has been praised by Buffett for taking on most of the responsibilities. Abel recently increased his stake in Berkshire Hathaway, raising hopes among shareholders that the culture will continue at the company. However, some shareholders have raised questions about Abel's expertise in the energy industry and the ultimate decision-making process in the company's succession plan. Despite this, Buffett believes that Abel's track record and shared vision for deal-making and capital allocation make him a strong successor.