Greg Abel Clarifies Stewardship Role in Berkshire's Shareholder Capital
In his first shareholder letter as CEO, Greg Abel emphasized that shareholders' capital belongs to them and clarified management’s role as stewards rather than co-owners. He backed this with concrete actions including exiting 16 positions, increasing Alphabet holdings by $10 billion, trimming Apple and Chevron stakes, and boosting Q1 operating earnings by 18%. Abel also committed his salary for buybacks and reopened the repurchase window.
Topics: Berkshire Hathaway Greg Abel shareholder capital stewardship