# Berkshire Hathaway shareholders gathered Saturday in Omaha, Nebraska for the first annual meeting without legendary founder Warren Buffett on the stage.

*business · news · 2026-05-02 · CBS News*

## Key points

- Greg Abel became Berkshire Hathaway CEO in January 2026, earlier than investors expected.
- Berkshire Hathaway's first-quarter profit doubled to $10.1 billion from $4.6 billion last year.
- The conglomerate's cash pile reached a record $397.4 billion at the end of Q1.
- Berkshire recorded a $5.8 billion gain from stock sales during the first quarter.
- A $249 million profit from foreign currency holdings replaced last year's $713 million currency loss.

**Companies:** Berkshire Hathaway
**Countries:** United States

[Read the full story on CBS News](https://www.cbsnews.com/news/berkshire-hathaway-annual-meeting-warren-buffet-profits-shareholders/)

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