Berkshire Hathaway’s new CEO Greg Abel spends a chunk of the company’s massive cashpile
Berkshire Hathaway's new CEO Greg Abel has started spending down the company's large cash reserves, investing in Google's parent company and buying back company shares. This represents a shift from his predecessor Warren Buffett's approach of holding cash. The change marks a new direction for how the company deploys its money.
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The story so far
2 developments- Aug 8Berkshire Hathaway’s new CEO Greg Abel spends a chunk of the company’s massive cashpile
- Aug 8Warren Buffett’s Berkshire Hathaway Is Getting Back Into Buying Stocks
Who covered each development
No new developments
Quiet for 52 daysLast development · Aug 8 — Warren Buffett’s Berkshire Hathaway Is Getting Back Into Buying Stocks
The bigger story
This story is one of several related ones. Here's where it sits.
Left
2 viewpointsBerkshire Hathaway posted higher profit as Greg Abel ramped up buybacks and stock purchases
Greg Abel is keeping 63% of Berkshire Hathaway's $355 billion portfolio in just 5 stocks
Center
2 viewpointsRight
0 viewpointsSame wire story as other lanes. No original Right take here.