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Berkshire CEO Greg Abel on working with Buffett, Kraft Heinz and using all his salary to buy the stock
Berkshire Hathaway CEO Greg Abel announced he would use his entire after-tax salary to buy Berkshire shares annually, starting with a recent $15.3 million purchase. He also confirmed Berkshire’s support for Kraft Heinz’s new CEO Steve Cahillane’s decision to pause the company split and stated that Berkshire is not planning to sell its Kraft Heinz stake immediately. Abel addressed Berkshire’s resumption of share buybacks, attributing it to the stock being undervalued and noting that he consulted with Warren Buffett on the decision.