Berkshire Hathaway

New Berkshire Hathaway CEO Greg Abel publishes first letter to shareholders

Warren Buffett's successor released his first letter to Berkshire Hathaway shareholders on Saturday as the company took a USD 4.5 billion write-down on the value of its Kraft Heinz and Occidental Petroleum stakes. Greg Abel took over as CEO in January, so this is his chance to set the tone for his leadership. Investors are watching closely for any changes he might make, but Abel and Buffett have said there won't be significant changes in the way Berkshire operates. The letter opens with a tribute to Buffett and a promise to maintain Berkshire culture and continue operating the same way that has worked so well for six decades. And Buffett remains chairman and the largest shareholder, so he's still helping guide the Omaha, Nebraska-based conglomerate he built. But Abel is now writing the annual letters that were always known as one of the most-read business reports out there because so many investors admired and followed Buffett because of his remarkable track record, homespun wit and

Berkshire Hathaway invests in New York Times, trims stake in Apple

Berkshire said it also sold 4% of its stake in iPhone maker Apple, still its largest equity holding at $62 billion, and 77% of its 10 million shares in online retailer Amazon.com

Berkshire's Greg Abel to get 19% salary bump in first year as CEO

Abel's new salary would be a 19 per cent increase from his $21 million salary in 2024, according to a regulatory filing

Top manager exits Warren Buffett's Berkshire as new CEO Abel names team

Incoming Berkshire Hathaway CEO Greg Abel is assembling his team to help him lead the conglomerate Warren Buffett built starting in January after a couple of key departures. Berkshire said Monday that one of its two investment managers besides Buffett who has also served as CEO of Geico for several years, Todd Combs, and longtime Chief Financial Officer Mac Hamburg are both departing. Combs is taking a job helping JP Morgan decide how to invest USD 10 billion while serving as a special advisor to CEO Jamie Dimon while Hamburg is retiring after 40 years. Combs' departure is the most significant news in the announcement that also included creating the jobs of general counsel and a new manager of the many retail and consumer businesses Berkshire owns, But now the question is whether insurance Vice Chairman Ajit Jain, investment manager Ted Weschler and all the CEOs of Berkshire's myriad businesses will remain. There's still two elephants in the room: what's Ajit Jain going to do and wh

Warren Buffett bids farewell in final Berkshire letter: 'I'm going quiet'

The 95-year-old Berkshire Hathaway CEO said he would continue sending his Thanksgiving note to his family and shareholders every year

Occidental to sell OxyChem unit to Berkshire Hathaway for $9.7 billion

The company sunk deeper into debt after it closed its $12 billion acquisition of privately held US shale oil producer CrownRock last year, which strengthened its position in the Permian Basin

Warren Buffett to donate $6 billion in Berkshire shares to charities

About 9.43 million Class B shares will be given to the Bill & Melinda Gates Foundation Trust, according to a statement on Saturday

Why Warren Buffett and Donald Trump survive on soda-but you likely can't

Warren Buffett and Donald Trump may thrive on cola and junk food, but doctors explain why most people can't follow their lead without risking serious long-term health consequences

Warren Buffett's 94-yr routine: McDonald's, Coca-Cola, a life of no regrets

As he steps down as Berkshire Hathaway CEO, here's a look at Warren Buffett's daily routine that includes junk food, and personal joy over perfection

Explained: Why Warren Buffett prefers balance sheets over income statements

Warren Buffett offered fresh insights into his investing philosophy, particularly his long-standing preference for studying balance sheets over income statements when evaluating a business

Who is Greg Abel, Warren Buffett's chosen heir at Berkshire Hathaway?

Greg Abel, a Canadian executive with deep roots in energy and a long tenure at Berkshire, is set to succeed Warren Buffett as CEO of the conglomerate in 2025

What makes Pershing Square Capital's Ackman Warren Buffett's true successor

Indeed, the true successor to Buffett's legacy as market oracle may be operating outside of Berkshire

Spend money wisely: Buffett warns US as Berkshire reports record profit

94-year-old Buffett, arguably the world's most famous investor, also acknowledged his advanced age in letter, telling shareholders he now uses a cane and will spend less time fielding their questions

Buffett's Berkshire posts record operating profit on insurance, investments

Fourth-quarter operating profit also set a record, rising 71 per cent to $14.53 bn, or about $1,010 per Class A share, from $8.48 bn a year earlier, reflecting gains in its insurance operations

Buffett gives away another $1.1 bn, plans for distributing $147 bn fortune

Investor Warren Buffett renewed his Thanksgiving tradition of giving by announcing plans Monday to hand more than USD 1.1 billion of Berkshire Hathaway stock to four of his family's foundations, and he offered new details about who will be handing out the rest of his fortune after his death. Buffett has said previously that his three kids will distribute his remaining USD 147.4 billion fortune in the 10 years after his death, but now he has also designated successors for them because it's possible that Buffett's children could die before giving it all away. He didn't identify the successors, but said his kids all know them and agree they would be good choices. Father time always wins. But he can be fickle indeed unfair and even cruel sometimes ending life at birth or soon thereafter while, at other times, waiting a century or so before paying a visit, the 94-year-old Buffett said in a letter to his fellow shareholders. To date, I've been very lucky, but, before long, he will get ..

Berkshire bites into Domino's Pizza, dips into Pool as stock retreat

The investments were disclosed in a US Securities and Exchange Commission filing detailing Berkshire's US-listed investments as of Sept 30

Berkshire Hathaway's Ajit Jain sells over half of his class A shares

Jain, one of Buffett's top lieutenants, disposed of 200 of the Class A shares for about $695,418 each, according to a regulatory filing Wednesday

Warren Buffett's Berkshire Hathaway tops $1 trillion in market value

The conglomerate's strength comes as optimism for the economy builds, with the Federal Reserve expected to cut interest rates at its September meeting

Warren Buffett shrinks stake, sells more BofA shares worth $982 mn

Buffett has held silent about his reasoning while whittling the highly profitable bet - an investment that began when the stock was trading near $5 in 2011

Has friendship of Bill Gates and Warren Buffett reached final act?

As Berkshire global shareholders made their pilgrimage to Omaha for the conglomerate's annual meeting, they were delighted by the public displays of the pair's friendship