Trending Now - Berkshire Hathaway's CEO Invests $15M in Company Stock Buyback
WHO:
Greg Abel, CEO of Berkshire Hathaway
Warren Buffett, Chairman of the Board of Berkshire Hathaway
Berkshire Hathaway, Inc.
WHAT:
Berkshire Hathaway resumed repurchasing its own shares for the first time since 2024.
Greg Abel personally purchased $15 million worth of Berkshire stock, equal to his after-tax annual salary.
Abel stated he will use his entire after-tax salary of $15 million each year to buy Berkshire shares.
The company began buying back its Class A and Class B shares on March 4, 2026.
Berkshire's shares rose by 1% following the announcement of the buyback.
WHERE:
Omaha, Nebraska (location of Berkshire Hathaway)
WHEN:
March 4, 2026: Berkshire began repurchasing shares.
January 2026: Greg Abel took over as CEO from Warren Buffett.
2024: Last time Berkshire repurchased shares before the recent buyback.
2025: Greg Abel's salary was $20 million.
2026: Greg Abel's salary is $25 million.
WHY:
The repurchase policy allows stock buybacks when the CEO believes the repurchase price is below Berkshire's intrinsic value.
Abel aims to demonstrate alignment with shareholders and signal confidence in the company's future after Buffett's departure.
HOW:
Abel consulted with Warren Buffett regarding the value and timing of the stock repurchase.
The decision to repurchase shares was communicated to shareholders to mark the transition of leadership.
QUOTES:
"I absolutely talked to Warren," Abel said regarding his consultation with Buffett.
"Absolute alignment with our shareholders, our partners, our owners is critical," Abel stated.
"It’s a logical thing to do when you’re leading the company," Abel commented on using his salary for stock purchases.
Berkshire Hathaway has resumed repurchasing its own shares for the first time since 2024, beginning this buyback on March 4, 2026, under the leadership of CEO Greg Abel, who personally bought $15 million worth of stock, matching his after-tax annual salary. Abel emphasized the importance of aligning with shareholders and expressed confidence in the company's future after consulting with Warren Buffett about the timing and value of the repurchase. Following the announcement, Berkshire's shares rose by 1%, signaling a positive response from the market.