"Abel, whose annual salary for 2026 is $25 million, said during a CNBC interview on Thursday that he would spend his after-tax pay of around $15 million on Berkshire's Class A shares this year."
"Abel told CNBC that Buffett was pleased by his commitment. The legendary investor liked that it was unique in corporate America and fit Berkshire's style, Abel said."
"Buffett earned a $100,000 salary for more than 40 years as Berkshire CEO, and in recent years returned half that sum to cover the cost of his personal expenses."
Greg Abel, Berkshire Hathaway's new CEO who took over at the start of 2025, has committed to purchasing Berkshire shares with his entire after-tax compensation each year. With an annual salary of $25 million, Abel's take-home pay of roughly $15 million will be directed toward Class A stock purchases. Abel announced this commitment during a CNBC interview, noting that Warren Buffett approved of the decision, viewing it as distinctive in corporate America and consistent with Berkshire's values. This contrasts with Buffett's approach, who earned a $100,000 salary for over 40 years and recently returned half to cover personal expenses.
#berkshire-hathaway #ceo-compensation #stock-investment #corporate-leadership #warren-buffett-succession
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]