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Abel's First Letter: Berkshire Hathaway's New CEO

Published 3 days, 17 hours ago
Description

Greg Abel, the new CEO of Berkshire Hathaway, released his first letter to shareholders, promising to maintain the companys longstanding culture of trust and integrity. He emphasized sticking to proven strategies, while Berkshire announced a $4.5 billion write-down on its stakes in Kraft Heinz and Occidental Petroleum. Abel, who has overseen non-insurance operations since 2018, will participate in Q&A sessions at the upcoming shareholder meeting, alongside key executives like Ajit Jain, Katie Farmer, and Adam Johnson.

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