"We're always connecting. Despite stepping down as CEO on January 1 after more than 60 years at the helm, Buffett hasn't disappeared from Berkshire's orbit. Buffett, who remains Berkshire's chairman, is a constant presence at headquarters. The result: Abel is formally in charge, but the legendary investment executive who held the job before him is still a sounding board."
"Abel also announced Thursday that he bought $15 million worth of Berkshire stock this month, equivalent to his entire after-tax annual salary. He told CNBC that he would continue to use his full salary to buy Berkshire shares annually, signaling his alignment with shareholders. He framed the move as a way to show loyalty to Berkshire's future, to increase his personal stake in the company."
Greg Abel assumed the role of CEO at Berkshire Hathaway on January 1, succeeding Warren Buffett after more than 60 years. Abel maintains frequent communication with Buffett, speaking nearly every day when both are in the Omaha office and every couple of days when traveling. Buffett remains chairman and continues attending headquarters daily, serving as a sounding board for Abel's decisions. Abel purchased $15 million in Berkshire stock this month, equivalent to his annual after-tax salary, and committed to using his full salary annually to buy company shares. This investment demonstrates alignment with shareholders and addresses concerns about his personal stake in the company's future.
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