Berkshire Hathaway's New CEO Greg Abel Spends a Chunk of the Company's Massive Cashpile
Berkshire Hathaway's new CEO Greg Abel spent a significant chunk of the company's massive pile of cash as it invested $10 billion in Google's parent company and repurchased about $4.5 billion of its shares.
Berkshire Hathaway’s new CEO, Greg Abel, has initiated significant investments using the company’s substantial cash reserves. The company allocated $10 billion to acquire shares in Google’s parent company. Additionally, Berkshire Hathaway repurchased approximately $4.5 billion of its own stock.
- Greg Abel, the new CEO of Berkshire Hathaway, has deployed a significant amount of the company’s cash.
- The company invested $10 billion in Google’s parent company.
- Berkshire Hathaway also repurchased about $4.5 billion of its own shares.
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