Warren Buffett Taps Greg Abel
Digest more
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.
Warren Buffett’s retirement as CEO overshadowed Berkshire Hathaway’s results. While wildfire losses hurt results, GEICO saw marked improvement, and the cash hoard grew.