# Greg Abel, 63, succeeded arguably the world's most famous investor as Berkshire's chief executive.

*business · news · 2026-05-02 · CNA*

## Key points

- Greg Abel affirmed Berkshire Hathaway will avoid bureaucracy and not rush to deploy its US$380.2 billion cash.
- Berkshire repurchased US$234 million of its own stock in Q1 2024, its first buyback since May 2024.
- An Oregon appeals court ruling reduced the immediate wildfire liability threat to Berkshire’s PacifiCorp utility.
- Annual shareholder meeting attendance and arena lines were significantly down compared to recent years.
- Berkshire shares have lagged the S&P 500 by 39 percentage points since Buffett announced his CEO departure.

**Companies:** Berkshire Hathaway, Apple
**Countries:** United States, Singapore

[Read the full story on CNA](https://www.channelnewsasia.com/business/ceo-greg-abel-moves-assure-berkshire-shareholders-in-post-buffett-world-record-cash-6096336)

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