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BE SURE TO TURN ON THOSE ALERTS. WE’LL SEND YOU THE LATEST INFORMATION. BREAKING THIS EVENING, THE NEW CEO OF BERKSHIRE HATHAWAY, GREG ABEL, IS LOOKING INTO SELLING 325 MILLION. KRAFT HEINZ SHARES. RIGHT NOW, BERKSHIRE IS THE HOT DOG COMPANY’S LARGEST SHAREHOLDER, AND KRAFT HEINZ OFFICIALS WARNED INVESTORS THAT GREG ABEL COULD SELL ITS $7 BILLION STAKE.
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Warren Buffett’s successor addresses Berkshire Hathaway’s future in investing in first letter to shareholders
Warren Buffett’s successor, Greg Abel, paid tribute to him in a letter to Berkshire Hathaway shareholders.This was the first letter Abel had sent the shareholders since he took over. “Our balance sheet is a strategic asset to be deployed at the right time. It allows us to act decisively, invest when others are tentative or fearful, and stand firm when financial storms roll through,” Abel wrote.RELATED COVERAGE: Berkshire Hathaway looks at selling millions of Kraft Heinz sharesHe did note that Berkshire will avoid purchasing businesses “that undermine the fabric of society or could jeopardize Berkshire’s reputation,” but he didn’t elaborate on the subject.In the letter he said “Warren is obviously a very hard act to follow.”READ MORE: Warren Buffett announces retirement at Berkshire Hathaway meeting, recommends successorThe letter also detailed some of Berkshire’s biggest investments like Apple and American Express stock.Abel said there ill be some changes to the shareholder lineup in May, like the Q&A periods. The first one will feature Abel as well as Berkshire’s Vice Chairman for insurance, Ajit Jain, and then the second one will be Abel with BNSF CEO Katie Farmer and NetJets CEO Adam Johnson.Information from the Associated Press was used to write this story.Make sure you can always see the latest news, weather, sports and more from KETV NewsWatch 7 on Google search.NAVIGATE: Home | Weather | Local News | National | Sports | Newscasts on demand |
Warren Buffett’s successor, Greg Abel, paid tribute to him in a letter to Berkshire Hathaway shareholders.
This was the first letter Abel had sent the shareholders since he took over.
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“Our balance sheet is a strategic asset to be deployed at the right time. It allows us to act decisively, invest when others are tentative or fearful, and stand firm when financial storms roll through,” Abel wrote.
RELATED COVERAGE: Berkshire Hathaway looks at selling millions of Kraft Heinz shares
He did note that Berkshire will avoid purchasing businesses “that undermine the fabric of society or could jeopardize Berkshire’s reputation,” but he didn’t elaborate on the subject.
In the letter he said “Warren is obviously a very hard act to follow.”
READ MORE: Warren Buffett announces retirement at Berkshire Hathaway meeting, recommends successor
The letter also detailed some of Berkshire’s biggest investments like Apple and American Express stock.
Abel said there ill be some changes to the shareholder lineup in May, like the Q&A periods. The first one will feature Abel as well as Berkshire’s Vice Chairman for insurance, Ajit Jain, and then the second one will be Abel with BNSF CEO Katie Farmer and NetJets CEO Adam Johnson.
Information from the Associated Press was used to write this story.
Make sure you can always see the latest news, weather, sports and more from KETV NewsWatch 7 on Google search.
NAVIGATE: Home | Weather | Local News | National | Sports | Newscasts on demand |
