# Berkshire Hathaway CEO says internal transition has been "100% successful" Abel's remit includes the day-to-day of Berkshire's operating companies and major capital calls.

*business · news · 2026-05-02 · Benzinga*

## Key points

- Berkshire Hathaway's board unanimously endorsed Greg Abel's expanded operational and capital allocation responsibilities.
- Abel's current role includes direct oversight of operating companies, insurance units, and a $300 billion equity portfolio.
- Berkshire has not conducted stock buybacks in five quarters and only paid one dividend since 1967.
- A special one-off distribution is being considered as a possible use for Berkshire's large cash reserves.
- Buffett characterized the Apple investment as entrusting $35 billion to Apple's management for long-term results.

**Companies:** Berkshire Hathaway, Apple, Kraft Heinz
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/markets/earnings/26/05/52237732/warren-buffett-praises-greg-abels-leadership-at-berkshire-says-hes-doing-everything-i-did-and-doing-it-better)

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