
Berkshire CEO Greg Abel Commits Salary To Buying Company Stock

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Berkshire Hathaway CEO Greg Abel plans to invest all his after-tax salary into company stock, recently purchasing $15.3 million worth. He emphasizes alignment with shareholders and aims to continue this practice annually, potentially totaling hundreds of millions over time. The company has also restarted its share repurchase program, leading to a 2% stock rise. Despite a 30% drop in operating profit, Abel reiterated the company's strategy on capital return and indicated that dividends remain unlikely, as they prioritize creating value over distributing cash.

