# Greg Abel replaced Warren Buffett as chief executive of Berkshire Hathaway in January.

*business · news · 2026-05-03 · The Sunday Times*

## Key points

- Greg Abel confirmed Berkshire Hathaway is actively hunting acquisitions but finds valuations too high currently.
- Berkshire's cash pile is nearly $400 billion, with ongoing debate on how Abel will deploy it.
- Abel revealed that AI is being used within BNSF but key decisions remain human-controlled.
- Shareholders noted Berkshire's stock has underperformed the S&P 500 since Abel became CEO.

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

[Read the full story on The Sunday Times](https://www.thetimes.com/business/companies-markets/article/greg-abel-warren-buffett-berkshire-hathaway-lpfgk2879)

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