Berkshire Hathaway Resumes Share Buybacks as CEO Greg Abel Buys Stock

Berkshire Hathaway has resumed share repurchases after nearly two years, marking a shift under new CEO Greg Abel, who succeeded Warren Buffett in January. Abel personally bought over $14 million in shares, committing his entire take-home pay to stock purchases to align with shareholders. The company aims to reduce its large cash reserves amid recent profit declines, particularly in insurance underwriting. Buffett remains chairman, while Abel emphasizes continued share buybacks over dividends to enhance shareholder value.