Berkshire Hathaway Initiates Share Repurchases, CEO Buys Stock
Berkshire Hathaway has begun repurchasing its shares, and CEO Greg Abel has personally invested $15 million in the company's stock.
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Berkshire Hathaway begins repurchasing shares, CEO Greg Abel buys $15 million in stock
The 62-year-old executive's purchase came a little more than two months into his tenure running the Omaha-based conglomerate.
Read full article →Warren Buffett's successor says he'll spend his entire yearly salary on Berkshire Hathaway stock
Greg Abel will make $25 million in cash in his new role. Nati Harnik/AP, FileBrendan McDermid/REUTERS Greg Abel says he'll spend his entire salary each year on Berkshire Hathaway shares. Abel succeeded Warren Buffett as Berkshire's CEO at the start of this year. He told CNBC that his take-home pay of around $15 million will go toward Berkshire stock purchases. Greg Abel, who succeeded Warren Buffett as Berkshire Hathaway's CEO at the start of this year, has pledged to use his entire paychec...
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