Berkshire Hathaway Resumes Stock Buybacks CEO Personally Increases Holdings

NightAirdropper · 2026-03-06T23:49:20+00:00

Berkshire Hathaway resumed stock buybacks for the first time after new CEO Greg Abel took office, aiming to reduce the $373.3 billion cash reserve. Abel also increased his holdings of the company's stock, demonstrating confidence in future investments.

NightAirdropper

2026-03-06 23:49:20

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Gelonghui March 6 — Warren Buffett’s investment flagship company Berkshire Hathaway announced that it has resumed share repurchases after more than two months. This is the first time since May 2024 that the company has restarted buying back its own stock. Greg Abel, who took over as CEO of Berkshire Hathaway from Buffett in January this year, purchased 21 Class A shares for approximately $14.6 million on Wednesday. This amount is equivalent to the after-tax value of his $25 million salary, and he plans to continue similar share buybacks in the future. The 63-year-old executive currently holds 249 Class A shares, valued at about $187 million. These buybacks may help Berkshire reduce its $373.3 billion cash reserves at year-end. The increase in reserves is due to Buffett’s ongoing difficulty in finding suitable companies and stocks to invest in.

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