CEO Greg Abel Starts Making His Mark at Berkshire
Berkshire Hathaway stepped up spending under CEO Greg Abel, repurchasing about $4.5 billion of its shares while deploying billions more into investments. Bloomberg Intelligence and Senior P&C Insurance Equity Analyst Matthew Palazola is on Bloomberg This Weekend explaining to hosts David Gura and Christina Ruffini that Abel appears more focused on operations and putting Berkshire’s enormous cash reserves to work, marking an early shift from Warren Buffett’s final years at the helm.
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