DIRS.INFO The most relevant business & tech news

Berkshire Hathaway Chairman and CEO Warren Buffett on Saturday addressed losses tied to bets on Paramount Global , as well as his reasoning behind slashing the company's Apple stake by 13% . Buffett opined that trimming the company's stake in Apple was in part due to tax reasons after the stock roared in 2023. Coca-Cola, Apple Buffett said Apple and Coca-Cola will remain premier holdings in Berkshire's portfolio. American Express The "Oracle of Omaha" highlighted credit card firm American Express as another favorite, noting the company's growing position in the consumer credit sector. Warren Buffett and Greg Abel during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024.

Persons: Warren Buffett, Buffett, we've, Apple Buffett, BYD Buffett, Charlie Munger, Charlie, BYD, Munger, Cash, Treasurys Buffett, Greg Abel Organizations: Berkshire Hathaway, Paramount Global, Apple, Paramount, Express, American Express, Oracle, American, Costco, Berkshire, CNBC Locations: Omaha, Costco . Berkshire, Omaha , Nebraska

☆ Berkshire board member Ron Olson says Greg Abel has the ability to make quick and solid judgments
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBerkshire board member Ron Olson says Greg Abel has the ability to make quick and solid judgmentsBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Berkshire Hathaway board member Ron Olson sits downs with CNBC's Michael Santoli and Becky Quick to discuss Warren Buffett’s successor, how the board sees Greg Abel, and more.

Persons: Ron Olson, Greg Abel, Berkshire Hathaway, Warren Buffett, CNBC's Michael Santoli, Becky Quick, Warren Buffett’s Organizations: Berkshire Hathaway, Berkshire Locations: Berkshire

☆ Warren Buffett holds first Berkshire Hathaway meeting without Charlie Munger
▼ + stars: | 2024-05-04 | by ( Nicole Goodkind | Eva Rothenberg | ) edition.cnn.com time to read: +3 min

Buffett will appear for the first time without his longtime business partner and friend Charlie Munger, who died in November. In 1978, Munger joined Berkshire Hathaway as vice-chairman and sat by Buffett’s side, quick with a quip or a sage piece of advice. Berkshire’s operating profits are expected to increase by 21% to $6,702 per Class A share, according to the FactSet estimates. Berkshire Hathaway reported a significant uptick in fourth-quarter operating earnings, which totaled $8.5 billion, up from $6.6 billion, or a 28% increase from a year ago. For the year, operating earnings rose to $37.3 billion, after setting a record of $30.8 billion in 2022.

Persons: Warren Buffett, Buffett, Charlie Munger, Greg Abel, Ajit Jain, Munger’s, Munger, ”, “, Charlie, Berkshire Hathaway, “ Charlie, Abel, Greg, ” Buffett, “ Greg Organizations: New, New York CNN, Berkshire Hathaway, Oracle, “, Berkshire Locations: New York, Woodstock, Nebraska, Berkshire, Omaha, “ Berkshire, The Omaha , Nebraska

☆ Successor Greg Abel will have a more hands on approach with managers, says Buffett
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSuccessor Greg Abel will have a more hands on approach with managers, says BuffettBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Buffett answers an audience about how operations have changed under new Berkshire management.

Persons: Greg Abel, Buffett, Buffett Berkshire Hathaway, Warren Buffett Organizations: Buffett Berkshire, Berkshire Hathaway Locations: Berkshire

☆ Real estate agents will continue to pay a key role despite settlements, says Berkshire's Greg Abel
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReal estate agents will continue to pay a key role despite settlements, says Berkshire's Greg AbelBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting.

Persons: Greg Abel Berkshire Hathaway, Warren Buffett Organizations: Berkshire Hathaway

☆ Warren Buffett accidentally refers to Greg Abel as Charlie Munger during 2024 Berkshire meeting
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarren Buffett accidentally refers to Greg Abel as Charlie Munger during 2024 Berkshire meetingBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting.

Persons: Warren Buffett, Greg Abel, Charlie Munger Organizations: Berkshire Hathaway Locations: Berkshire

☆ 'A lot to be done' with improving BNSF Railway operations, says Berkshire's Greg Abel
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'A lot to be done' with improving BNSF Railway operations, says Berkshire's Greg AbelBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Buffett answers shareholder question about BNSF Railway performance issues.

Persons: Greg Abel Berkshire Hathaway, Warren Buffett, Buffett Organizations: Railway, Berkshire Hathaway, BNSF

☆ Greg Abel looks like perfect 'sequential partner' to follow Buffett, says Neuberger's Dan Hanson
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGreg Abel looks like perfect 'sequential partner' to follow Buffett, says Neuberger's Dan HansonBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Dan Hanson, Neuberger Berman senior portfolio manager, speaks with CNBC's Michael Santoli about his takeaways from the 2024 Berkshire annual meeting.

Persons: Greg Abel, Buffett, Neuberger's Dan Hanson Berkshire, Warren Buffett, Dan Hanson, Neuberger Berman, CNBC's Michael Santoli Organizations: Neuberger's Dan Hanson Berkshire Hathaway, Berkshire Hathaway Locations: Berkshire

☆ Warren Buffett says Greg Abel will make Berkshire Hathaway investing decisions when he's gone
▼ + stars: | 2024-05-04 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

OMAHA, Nebraska — Warren Buffett said Saturday his designated successor Greg Abel will have the final say on Berkshire Hathaway's investing decisions when the Oracle of Omaha is no longer at the helm. Berkshire investing managers, Todd Combs and Ted Weschler, both former hedge fund managers, have helped Buffett manage a small portion of the stock portfolio (about 10%) for about the last decade. There was speculation that they may take over that portion of the Berkshire CEO role when he is no longer able. But it seems, based on Buffett's latest comments, that Abel will have final decisions on all capital allocation — including stock picks. Berkshire acquired MidAmerican Energy in 1999 and Abel became CEO of the company in 2008, six years before it was renamed Berkshire Hathaway Energy in 2014.

Persons: OMAHA , Nebraska — Warren Buffett, Greg Abel, Greg, Buffett, Abel, Charlie Munger, you've, Todd Combs, Ted Weschler Organizations: Berkshire, Oracle, Apple, MidAmerican Energy, Berkshire Hathaway Energy Locations: OMAHA , Nebraska, Omaha, Berkshire

☆ Buffett and Greg Abel address questions about Berkshire Energy and risks from 'public power' model
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBuffett and Greg Abel address questions about Berkshire Energy and risks from 'public power' modelBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting.

Persons: Buffett, Greg Abel, Berkshire Hathaway, Warren Buffett Organizations: Berkshire Energy, Berkshire, Berkshire Hathaway

☆ First Berkshire Hathaway annual meeting without Charlie Munger: What to expect from Warren Buffett
▼ + stars: | 2024-05-03 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

When Warren Buffett kicks off Berkshire Hathaway 's annual shareholder meeting on Saturday, the absence of Charlie Munger will be on everyone's mind. The annual meeting will be exclusively broadcast on CNBC and livestreamed on CNBC.com. For the first time, Berkshire will broadcast its annual meeting movie that had previously always been reserved only for those in attendance in Omaha. Vice Chairman of Non-Insurance Operations Greg Abel, Buffett's designated successor, will fill Munger's seat in the afternoon session, helping answer shareholder questions. "The tone of the meeting is certainly going to be a lot different without Charlie," said Steve Check, CEO of Check Capital Management and a longtime Berkshire shareholder.

Persons: Warren Buffett, Berkshire Hathaway, Charlie Munger, what's, Buffett's, David Kass, Munger, Greg Abel, Ajit Jain, Abel, Buffett, Charlie, Steve Check, Ajit, Greg Organizations: Berkshire, University of Maryland, CNBC, - Insurance, Buffett, Check Capital Management Locations: Omaha, Woodstock, Munger, Berkshire, CNBC.com

But this year’s event will be the first without Munger, who died in November at age 99 — and comes amid growing questions about Berkshire post-Buffett, who’s 93. Buffett will have a different crew answering questions alongside him on Saturday. Berkshire’s vice chairmen, Greg Abel and Ajit Jain, will be on hand for much of the day. Shareholders most likely will be focused on what Abel, Buffett’s appointed successor as C.E.O. In Buffett’s annual letter to investors, he noted challenges to Berkshire’s biggest businesses, including the BNSF railroad (falling shipment volumes) and its utility business (forest fires).

Persons: Warren Buffett, Charlie Munger, Munger, Buffett, Greg Abel, Ajit Jain, Abel, Buffett’s Organizations: Berkshire, Shareholders Locations: Berkshire, Omaha, Woodstock, America

☆ Warren Buffett's love for Japan may be far from over after $8 billion paper profit
▼ + stars: | 2024-04-21 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett's Berkshire Hathaway has made billions of dollars from its big investments in Japan, and the Oracle of Omaha's love for the land of the rising sun is only growing deeper. The Omaha-based conglomerate priced 263.3 billion Japanese yen of bonds worth $1.7 billion, marking one of its biggest yen bond sales, according to a regulatory filing released Thursday. The cost of the positions was 1.6 trillion yen ($10.35 billion) and the 2023 yearend market value of the five stakes was 2.9 trillion yen ($18.76 billion), Berkshire revealed in its annual report. Meanwhile, the five Japanese trading companies are all dividend payers, yielding from 1% to more than 3%. Buffett even paid a visit to Japan with his designated successor Greg Abel and met with the heads of the Japanese firms last year.

Persons: Warren, Berkshire Hathaway, Buffett, Chamath Palihapitiya, Greg Abel Organizations: Berkshire, Mitsubishi, Mitsui, Sumitomo ., Tokyo Stock Exchange Locations: Japan, Omaha, Berkshire, Sumitomo . Berkshire

☆ Vera Wang is turning 75 this year. She has no plans to retire.
▼ + stars: | 2024-04-15 | by ( Amanda Goh | ) www.businessinsider.com time to read: +4 min

That's what it's all about, really," Wang said. In May 2021, Wang told CNBC that her work has allowed her "to really have a very full life." "I think work has been my whole life and it's kept me honestly relevant, fascinated, passionate, frightened, worried and stressed," she said. Wang is part of a list of celebrities and CEOs who have been vocal about their decisions to continue working even as they get older. About one-third of Americans over 40 also say they would continue working even if they have no financial need, per a 2019 TD Ameritrade survey.

Persons: —, Vera Wang, Warren Buffett, Queen Elizabeth II, I'm, Wang, Ralph Lauren, it's, Jay Leno, Clint Eastwood, Eastwood, Buffett, Ron Olson, Greg Abel, Warren, Greg, Olson, Roy Cohen, BI's Jane Ridley Organizations: Service, Business, Vogue, Carlyle, CNBC, Independent, Fortune, Berkshire Hathaway, Pew Research, Workers Locations: New York City, Berkshire

☆ Why Warren Buffett only gets paid $100,000 a year — a fraction of his deputy's $20 million salary
▼ + stars: | 2024-03-19 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Warren Buffett's salary was $100,000 last year, while his deputy made $20 million. The investor pays back $50,000 annually, and Berkshire spends triple his salary on keeping him safe. AdvertisementWarren Buffett's salary was only $100,000 last year — a fraction of the $20 million raked in by his deputy and planned successor, Greg Abel. The world-famous investor has requested a $100,000 annual salary with no bonus or stock awards for over 40 years. This story is available exclusively to Business Insider subscribers.

Persons: Warren, Buffett, —, Greg Abel, Abel Organizations: Berkshire, Service, Berkshire Hathaway's, Business

☆ Warren Buffett honors Charlie Munger in annual note, Berkshire reports record cash pile
▼ + stars: | 2024-02-24 | by ( Nicole Goodkind | Eva Rothenberg | ) edition.cnn.com time to read: +11 min

Courtesy of Susie Buffett Buffett teaches a class at the University of Nebraska-Omaha. Courtesy of Susie Buffett Buffett married his first wife, Susan, in 1952. Courtesy of Susie Buffett Buffett and his wife pose at the beach with their three children. Courtesy of Susie Buffett Buffett poses for a photo in 1980. Nati Harnik/AP Buffett and Berkshire Hathaway Vice Chairman Charlie Munger are seen on a giant screen during the Berkshire Hathaway shareholders meeting in 2013.

Persons: Warren Buffett’s, Charlie Munger, Buffett, Munger, ”, Charlie, Berkshire Hathaway, “ Charlie, Munger’s, Greg Abel, Abel, Berkshire’s, Greg, ” Buffett, “ Greg, Berkshire Berkshire Hathaway, Warren Buffett, Nati, Laila, Howard Buffett, Howard, Susie Buffett, Ernest, Susie Buffett Laila Buffett, Warren, Doris, Susie Buffett Warren Buffett, Susie Buffett Buffett, Susan, Peter, Lee Balterman, Salomon, Marcy Nighswander, AP Buffett, Buffett's, Mark Peterson, Curt Hudson, Arnold Schwarzenegger, Kathy Willens, Chris Machian, Dave Weaver, Michael Israel, John Sleezer, Bill Gates, Mario Tama, Barack Obama, Obama, doggedly, isn't, Jim Watson, Daniel Acker, Harry Benson, Getty Images Buffett, Astrid, David Cameron, Brendan Hoffman, Kristoffer Tripplaar, Alamy Buffett, Scott Eells, Chris, Franklin, Ndamukong Suh, Scott Olson, Huang Jihui, Jason Miller, Adam Jeffery, Hillary Clinton, Kempin, Forbes, Andy Kropa, Scott Morgan, Reuters Buffett, Andrew Harrer, Apple Berkshire Hathaway Organizations: New, New York CNN, Berkshire Hathaway, Investors, Oracle, “, Berkshire, Berkshire Berkshire, University of Nebraska -, Getty, Federal Reserve, AP, Omaha for Berkshire, Bloomberg, California Gov, Wall Street, Schwarzenegger's, Kansas City Royals, Kansas City Star, Girl Scouts, Buffett, Microsoft, Getty Images, White, British, Woodrow Wilson High, Washington, Forbes, Harlem Globetrotters, Cleveland Cavaliers, Moon, NBA, CNBC, Reuters, Apple Berkshire, Apple, Securities and Exchange Commission, HP, Paramount Locations: New York, Omaha, “ Berkshire, Berkshire, The Omaha , Nebraska, Omaha , Nebraska, University of Nebraska - Omaha, Omaha for, Woodstock, Trenton , New Jersey, AFP, Washington , DC, Illinois, Sun Valley , Idaho

☆ Warren Buffett calls out stock-market gamblers and honors the late Charlie Munger in his annual letter
▼ + stars: | 2024-02-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Warren Buffett hailed Charlie Munger as the "architect" of Berkshire Hathaway in his annual letter. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWarren Buffett paid tribute to Charlie Munger, touted four of Berkshire Hathaway's biggest bets, and voiced frustration in his annual letter to shareholders published on Saturday. He shaped Berkshire into a world-beating conglomerate and helped Buffett evolve from bargain hunting to buying businesses at fair prices.

Persons: Warren Buffett, Charlie Munger, Berkshire Hathaway, Buffett, —, Charlie, he's, Munger, Ajit Jain, Greg Abel, Bertie Organizations: Service, Berkshire, American Express, Occidental Petroleum Locations: Berkshire, Omaha , Nebraska, Munger, United States, Omaha

☆ Warren Buffett’s highly anticipated annual letter arrives Saturday. Here’s what to expect
▼ + stars: | 2024-02-23 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Warren Buffett is about to release his must-read annual letter where he's expected to pay a heartwarming tribute to the late Charlie Munger. The 93-year-old chairman and CEO of Berkshire Hathaway is slated to release his annual shareholder letter Saturday at 8:00 a.m. "Succession is a top-of-mind issue for many Berkshire investors," Cathy Seifert, Berkshire analyst at CFRA Research, said in a note. Buffett's investment lieutenants, Todd Combs and Ted Weschler, have taken on more responsibilities at Berkshire, independently overseeing about $15 billion each. The run up in Berkshire shares may have curbed the amount of buyback activity in the fourth quarter.

Persons: Warren Buffett, Charlie Munger, Berkshire Hathaway, Steve Check, Munger, Buffett, Munger's, it's, Greg Abel, Cathy Seifert, Todd Combs, Ted Weschler, Todd, Ted Organizations: Check Capital Management, Berkshire, CFRA Research, Investors, Berkshire Hathaway, BNSF Railway Locations: Berkshire, Berkshire Hathaway The Omaha, Dairy

☆ Haslam family sells Berkshire Hathaway remaining 20% share of Pilot Travel Centers
▼ + stars: | 2024-01-16 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Jimmy Haslam, CEO of Pilot Flying J. and Warren Buffett, Chairman and CEO of Berkshire Hathaway. The Haslam family on Tuesday said its Pilot Corporation had closed the sale of its remaining 20% ownership interest in truck-stop giant Pilot Travel Centers to Berkshire Hathaway . That settlement avoided what was scheduled to be a two-day trial beginning Jan. 8, with testimony from Berkshire Hathaway executive Greg Abel, the designated successor to company CEO Warren Buffett. CNBC has requested comment from Berkshire Hathaway, which in a regulatory filing last year listed the Haslams' noncontrolling interest in Pilot Travel Centers at a value of around $3.2 billion. PTC is the largest operator of travel centers in North America, with more than 750 locations under the Pilot and Flying J brands.

Persons: Jimmy Haslam, Warren Buffett, Berkshire Hathaway, Haslam, Greg Abel Organizations: Berkshire, Pilot Corporation, Centers, Travel Centers, CNBC, Travel, PTC Locations: Berkshire, North America

Berkshire Hathaway settled a billion-dollar lawsuit with the Haslam family over how Berkshire accounted for the value of Pilot Travel Centers, which would affect the price paid in a forced buyout of the family's remaining stake in that truck-stop giant, both sides said Sunday night. The Haslam family and its Pilot Corp. in the suit filed this fall alleged that Berkshire Hathaway improperly adopted a form of accounting of the value of Pilot Travel Centers that would have led to a sharply lower price Berkshire would pay to acquire the family's remaining 20% stake in PTC. Berkshire in turn had accused Cleveland Browns owner Jimmy Haslam of offering payments to PTC executives to boost the value of the company so that his family would get a bigger buyout from Berkshire, which controls PTC. The Haslam family and Pilot Corp. strongly denied those claims. Berkshire and Pilot Corp. in similar press statements Sunday night said that they had reached an agreement to fully settle the Delaware Chancery case.

Persons: Berkshire Hathaway, Haslam, Greg Abel, Warren Buffett, Jimmy Haslam Organizations: Berkshire, Travel Centers, Pilot Corp, PTC, Cleveland Browns Locations: Berkshire, Delaware Chancery, New York, Delaware

☆ Charlie Munger's death brings home the inevitable future: Berkshire without Warren Buffett
▼ + stars: | 2023-12-03 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Greg Abel, vice chairman of Berkshire's non-insurance operations, became known as Buffett's heir apparent in 2021 after Munger inadvertently made the revelation . Ajit Jain, Berkshire's vice chairman of insurance operations, had been a top contender for the top job, but Buffett recently revealed that Jain "never wanted to run Berkshire." "All [Munger's passing] does is add to the conversation that what happens when Buffett's gone because this brings it home. Berkshire analysts believe the event won't notably alter Berkshire's transition plans. James Shanahan, Edward Jones' Berkshire analyst, also said he remains confident in the leadership of Berkshire following Munger's passing.

Persons: Charlie Munger, Warren Buffett's, Berkshire Hathaway, Greg Abel, Munger, Ajit Jain, Buffett, Jain, Abel, he's, Buffett's, Bill Stone, Warren Buffett, Catherine Seifert, James Shanahan, Edward Jones, CNBC's Becky Quick, Ted Weschler, Todd Combs Organizations: Oracle, Berkshire, Glenview Trust, CFRA's, MidAmerican Energy, Berkshire Hathaway Energy Locations: Berkshire, Omaha, Glenview, CFRA's Berkshire, Japan

☆ Munger and Buffett were unable to pull off one last deal together using Berkshire's $157 billion in cash
▼ + stars: | 2023-11-30 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Charlie Munger didn't manage to help pull off one final deal with his lifelong partner Warren Buffett, but he remained hopeful that Berkshire Hathaway , with nearly $160 billion cash, will find its elephant one day. Not very many," Munger said in CNBC's special "Charlie Munger: A Life of Wit and Wisdom," which aired Thursday. The Omaha-based conglomerate held a record level of cash — $157.2 billion — at the end of September. Squeeze new lemonsMunger, Berkshire's late vice chairman, said such a mammoth deal may have to be done by the next generation of leaders at the conglomerate. "There are worse situations than drowning in cash, and sitting, sitting, sitting.

Persons: Charlie Munger didn't, Warren Buffett, Berkshire Hathaway, Munger, Charlie Munger, CNBC's Becky Quick, Buffett, Berkshire's, Greg Abel, Buffett's, Ajit Jain, Ted Weschler, Todd Combs Organizations: Berkshire, Alleghany Corp, Dominion Locations: Omaha, Munger

☆ Everybody could use a Charlie Munger
▼ + stars: | 2023-11-29 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

NEW YORK, Nov 29 (Reuters Breakingviews) - Every great leader needs a Charlie Munger. The deputy to Berkshire Hathaway’s (BRKa.N) Warren Buffett died on Tuesday morning just a month shy of his 100th birthday. And Munger kept at it: at age 99, having served as Berkshire’s vice chairman since 1978, he was still giving interviews as recently as this month. Munger was capable when taking the opposite view from his boss, encouraging the kind of debate that fosters better decisions. Follow @thereallsl on XCONTEXT NEWSCharlie Munger, the longtime vice chairman and second-in-command to Warren Buffett at Berkshire Hathaway, died at a California hospital, the company said on Nov. 28.

Persons: Charlie Munger, Warren Buffett, Munger, lobbing, ”, Buffett, CNBC’s Becky Quick, Greg Abel, Ajit Jain, That’s, Buffett’s, Berkshire Hathaway, ” Buffett, Jonathan Guilford, Sharon Lam Organizations: Reuters, Berkshire Hathaway’s, Berkshire, Costco Wholesale, Thomson Locations: Berkshire, Omaha, ”, California

☆ Meet Greg Abel, Warren Buffett's successor and heir apparent to Berkshire Hathaway
▼ + stars: | 2023-11-29 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Warren Buffett named Greg Abel, 61, as his successor at Berkshire Hathaway back in 2021. Abel started out as an accountant, before taking the reins as CEO of Berkshire Hathaway Energy. The Canadian businessman is currently chair of Berkshire Hathaway Energy and vice chair for non-insurance operations at Berkshire Hathaway. Abel took over the reins of MidAmerican in 2008, which was renamed Berkshire Hathaway Energy in 2014. Abel's tenure as Berkshire Hathaway Energy's CEO would last for two decades until he stepped down in 2018.

Persons: Warren Buffett, Greg Abel, Abel, Charlie Munger's, —, Berkshire Hathaway, Buffett, Greg who'd, CNBC's Becky Quick, Charlie Munger, Berkshire acolyte Abel, CalEnergy, Warren Buffett Abel, Greg, Munger, He's, Warren Organizations: Berkshire Hathaway, Berkshire Hathaway Energy, Service, Berkshire, CNBC, University of Alberta, mater's, PricewaterhouseCoopers, MidAmerican Energy, doer, Directors, Business Insider Locations: Berkshire, Canadian, MidAmerican, Munger

☆ After Munger's death, Berkshire succession comes into focus
▼ + stars: | 2023-11-29 | by ( Jonathan Stempel | ) www.reuters.com time to read: +6 min

[1/4] Berkshire Hathaway Inc Vice Chairman Charles Munger speaks at the Daily Journal annual meeting in Los Angeles, U.S., February 15, 2017. Munger's death on Tuesday, five weeks shy of his 100th birthday, leaves Berkshire Vice Chairmen Greg Abel and Ajit Jain, who respectively oversee its non-insurance and insurance businesses, as the 93-year-old Buffett's top advisers and sounding boards. At the 2021 annual meeting, Jain was asked how he and Abel interact with each other. "You don’t need them to be as good as Buffett or Munger to make Berkshire a good company and arguably a great company." "It particularly doesn't feel like an annual meeting because my partner of 60 years, Charlie Munger, is not sitting up here," Buffett said.

Persons: Charles Munger, Lucy Nicholson, Berkshire, Charlie Munger, Warren Buffett, Buffett, Munger, Munger's, Greg Abel, Ajit Jain, Abel, Jain, Warren, Charlie, Bill Stone, Howard Buffett, Todd Combs, Ted Weschler, Bill Smead, Whitney Tilson, Munger didn't, Jonathan Stempel, Megan Davies, Paritosh Bansal, Stephen Coates Organizations: Berkshire Hathaway, Daily, REUTERS, Berkshire Hathaway's, Berkshire, BNSF, Investors, Glenview Trust, Berkshire Hathaway Energy, University of Alberta, PricewaterhouseCoopers, Energy, MidAmerican's, Apple, Smead Capital Management, Kase Capital, Thomson Locations: Los Angeles , U.S, Berkshire, Omaha , Nebraska, Munger, Glenview, Edmonton, Alberta, Indian, Odisha, Phoenix, Woodstock, Omaha, New York

Search resuls for: "Greg Abel"

25 mentions found