Berkshire Hathaway’s new CEO Greg Abel is confronting a massive $380 billion cash question after taking over Warren Buffett’s mantle. Abel says the company’s operating philosophy won’t change, while cash reserves have grown even as first-quarter earnings improved. With few big deals in recent years, investors are now watching how Abel deploys the pile for capital allocation.
Warren Buffett, 95, drew a standing ovation at Berkshire Hathaway’s first shareholder meeting since CEO succession. Speaking under new leader Greg Abel, Buffett said Abel is “doing everything I did and then some,” signaling high confidence in the handoff. The upbeat tone followed strong first-quarter results and a major jump in Berkshire’s Apple investment value.
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Berkshire Hathaway’s cash pile has surged to about $380 billion after Warren Buffett’s exit, with Greg Abel now steering the company. Reports suggest Berkshire is holding back on investments and selling portions of its stock portfolio. Analysts are now focused on what comes next, weighing dividend boosts versus a renewed push into energy and faster business growth.
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