Market Extra
Warren Buffett expects Greg Abel to do big things when he takes over as CEO of Berkshire Hathaway
Published: May 5, 2025 at 10:41 a.m. ET
One of Warren Buffett’s funniest lines at Berkshire Hathaway’s annual meeting on Saturday came when he shot down the notion that he was letting the conglomerate’s immense cash pile continue to grow in order to give Greg Abel lots of firepower to work with when he finally took over.
“I wouldn’t do anything so noble as to withhold investing myself just so that Greg could look good later on,” Buffett quipped. The cash hoard hit roughly $348 billion as of the end of the first quarter, Berkshire Hathaway revealed on Saturday.
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