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business 91d ago

Greg Abel Fully Invests Salary in Berkshire Hathaway Shares, Signals Commitment Amid Large Cash Reserves

Greg Abel Fully Invests Salary in Berkshire Hathaway Shares, Signals Commitment Amid Large Cash Reserves

Greg Abel, Berkshire Hathaway's CEO, plans to spend his entire $15 million after-tax salary on company stock, demonstrating strong commitment to the firm. This move occurs as Berkshire holds a substantial $370 billion in cash, raising questions about strategic use of reserves. Investors should watch upcoming decisions on share buybacks or investments that might utilize this significant cash pile.

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