Greg Abel hails Warren Buffett as a 'very hard act to follow' in his first letter as Berkshire Hathaway CEO
Greg Abel will make $25 million in cash in his new role. Nati Harnik/AP, FileBrendan McDermid/REUTERS Greg Abel paid homage to Warren Buffett in his first shareholder letter as Berkshire Hathaway…
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Berkshire Hathaway shrinks cash pile in Buffett’s last act as CEO. Here’s how successor Greg Abel is now looking to spend.
Company’s cash hoard at end of 2025 — which Abel noted was not a sign of an investment retreat — was down 2.1% from September to $373.3 billion.
By Tomi Kilgore
Read full article →Greg Abel hails Warren Buffett as a 'very hard act to follow' in his first letter as Berkshire Hathaway CEO
Greg Abel will make $25 million in cash in his new role. Nati Harnik/AP, FileBrendan McDermid/REUTERS Greg Abel paid homage to Warren Buffett in his first shareholder letter as Berkshire Hathaway CEO. Abel pledged to abide by core Buffett values such as capital discipline and integrity. He celebrated Berkshire's Japanese bets, bemoaned its Kraft Heinz wager, and hailed Ted Weschler. Greg Abel paid tribute to Warren Buffett and reassured Berkshire Hathaway shareholders he wouldn't do anythin...
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