Pins matching tag:Abel

On 1 January 2026 Greg Abel became President and CEO of Berkshire Hathaway, succeeding Warren Buffett after 60 years; Buffett remains chairman and Abel's annual cash salary is US$25 million.

On 2 January 2026 Berkshire Hathaway completed its acquisition of Occidental's chemical business OxyChem for US$9.7 billion in cash, subject to customary post-closing price adjustments.

On 28 February 2026 Greg Abel published his first annual shareholder letter as Berkshire CEO, promising the same culture and capital discipline, alongside 2025 results with a US$4.5 billion Kraft Heinz and Occidental write-down in the fourth quarter.

Berkshire told the SEC it began repurchasing its own shares on Wednesday 4 March 2026, and CEO Greg Abel disclosed he put his whole take-home pay into Berkshire stock.

On 1 May 2026, the eve of his first annual meeting as Berkshire Hathaway CEO, Greg Abel told CNBC's Becky Quick on Squawk Box about risk management, inflation, the stock portfolio and his runway in the job.

On 2 May 2026 Greg Abel led Berkshire Hathaway's first annual shareholder meeting since Warren Buffett gave up the CEO title, giving a business update and taking questions in two sessions with Ajit Jain, Adam Johnson and Katie Farmer.

On 2 May 2026 Greg Abel led Berkshire Hathaway's annual shareholder meeting for the first time as CEO, with Warren Buffett attending as chairman, while Berkshire reported first-quarter operating earnings of US$11.3 billion.

On 31 May 2026 Berkshire Hathaway and Taylor Morrison announced an all-cash deal at US$72.50 a share, valuing the Scottsdale homebuilder at about US$6.8 billion in equity and US$8.5 billion including debt.

On 1 June 2026 Berkshire Hathaway agreed to buy US$10 billion of Alphabet Class A and Class C shares in a private placement, part of Alphabet's plan to raise US$80 billion in equity to fund AI infrastructure.

On 24 July 2026 Berkshire Hathaway completed its US$72.50-a-share cash purchase of Taylor Morrison, which will merge with Clayton Properties Group's 15 builders into a combined fourth-largest U.S. homebuilding operation.

On 8 August 2026 Berkshire Hathaway reported second-quarter operating earnings of US$12.98 billion, bought back about US$4.5 billion of its shares and saw its cash fall to US$365.5 billion.