US EditionPublished • loading... • Updated
Berkshire Hathaway Lifts New CEO Greg Abel’s Salary to $25 Million
Greg Abel’s $25 million salary marks a significant increase over Warren Buffett’s $100,000 pay, aligning compensation with his CEO responsibilities, Berkshire Hathaway said.
- On January 1, Greg Abel, Chief Executive of Berkshire Hathaway, will earn $25 million in cash, the board disclosed in an SEC filing on Tuesday.
- Warren Buffett, former CEO and current chairman, recommended Abel's compensation to the Berkshire Hathaway board of directors, and directors approved the change unanimously after Buffett said, 'I think the time has arrived where Greg should become the chief executive of the company at year end.'
- By contrast, Buffett's long-standing $100,000 salary highlights the size of Abel's package, as CEOs of S&P 500 companies earned $18.9 million in 2024 and Abel earned $21 million last year.
- Investors expect Abel to maintain Berkshire Hathaway's investment philosophy; he has been vice chair of non-insurance operations since 2018 and chairs Berkshire Hathaway Energy.
- Buffett has publicly endorsed Abel, calling the appointment a strong vote of confidence; Buffett told CNBC's Becky Quick, 'It is a huge endorsement, but it's an endorsement we've made,' amid Berkshire's public profile at the Omaha meeting on May 2, 2025, while Bloomberg estimates Buffett's net worth at $150 billion.
Insights by Ground AI
Podcasts & Opinions
23 Articles
23 Articles
Berkshire’s Abel to Receive 19% Salary Bump in First Year as CEO
Berkshire Hathaway Inc. Chief Executive Officer Greg Abel will earn an annual cash salary of $25 million, the firm said in a filing Tuesday, far eclipsing the $100,000 that his predecessor Warren Buffett earned for decades in the role.
·United States
Read Full Article
Berkshire Hathaway raises new CEO Abel's salary to $25 million
Berkshire Hathaway said on Tuesday it raised the salary of new Chief Executive Greg Abel to $25 million, far exceeding the $100,000 annual salary that his predecessor Warren Buffett accepted for more than four decades.
·United Kingdom
Read Full Article
After six decades with Warren Buffett at the helm, investment giant Berkshire Hathaway has a new CEO. And the compensation differs significantly from that of the legendary predecessor, writes Dagens Industri.
·Stockholm, Sweden
Read Full ArticleCoverage Details
Total News Sources23
Leaning Left2Leaning Right6Center5Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
15%
C 39%
R 46%
Factuality
To view factuality data please Upgrade to Premium
