Berkshire Hathaway Resumes Stock Buybacks Under New CEO Greg Abel
Berkshire Hathaway has initiated share repurchases for the first time since May 2024, signaling renewed confidence under CEO Greg Abel. The conglomerate's class B shares rose 2% following the announcement, partially offsetting recent losses from a weak Q4 earnings report.
Abel personally acquired $15 million worth of Berkshire shares, reinforcing his commitment to long-term value creation. The move adheres to Warren Buffett's philosophy of buying when shares trade below intrinsic value—a strategy that helped build Berkshire into a $800 billion empire.
Investors view the dual action as a strategic reassurance during this leadership transition period. Abel's decisive steps mirror Buffett's capital allocation principles while establishing his own governance signature.