Management made the first major capital allocation decision since Warren Buffett stepped down.

Two months after taking over from Warren Buffett, Berkshire Hathaway CEO Greg Abel is putting his money where his mouth is. The Berkshire boss said in a CNBC interview Thursday he would use his entire $15 million after-tax salary (his salary is $25 million for 2026) to purchase shares of the company he took over in January each year for as long as he is in charge.

OMAHA, Neb. (AP) — Berkshire Hathaway is buying back shares for the first time in nearly two years, and new CEO Greg Abel said he has no immediate plans to sell off Kraft Heinz shares now that the packaged food giant has shelved its plan to split the company into two.

CEO Greg Abel restarts buybacks after consulting Warren Buffett and invests his entire $15M salary in company shares.

This was the first letter Greg Abel had sent the shareholders since he took over.