Pins matching tag:Berkshire

On 16 October 2008, at the height of the financial crisis, Warren Buffett wrote in The New York Times that he was buying American stocks in his personal account and urged investors to be greedy when others are fearful.

On 28 November 2023 Berkshire Hathaway announced that Vice Chairman Charlie Munger, Warren Buffett's partner of more than six decades, had died peacefully that morning in a California hospital, a month short of his 100th birthday.

On 1 November 2025 Berkshire Hathaway reported third-quarter operating earnings of US$13.5 billion, up 34%, and a record cash pile of US$381.7 billion, while it again did not buy back its own shares.

On 10 November 2025 Warren Buffett converted 1,800 Class A shares into 2.7 million Class B shares for four family foundations, and in his Thanksgiving letter said he would stop writing Berkshire's annual report.

On 8 December 2025 Berkshire Hathaway announced Nancy Pierce as Geico CEO, Charles Chang as CFO from 1 June 2026, Adam Johnson as president of its consumer businesses, and the exit of Todd Combs to JPMorgan.

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 31 March 2026 Warren Buffett sat down with CNBC's Becky Quick in Omaha for his first interview since stepping down as Berkshire Hathaway CEO, announcing a revived charity lunch auction with Stephen and Ayesha Curry.

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.

In a CNBC Squawk Box interview on 15 July 2026 Warren Buffett explained why he left the Gates Foundation out of his annual share donations, said he initiated Berkshire's Alphabet investment, and called Kevin Warsh a good choice for the Fed.

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.