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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.
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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
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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
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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
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Total News Sources22
Leaning Left2Leaning Right6Center5Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
15%
C 39%
R 46%
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