Berkshire Hathaway lifts new CEO Greg Abel’s salary to $25 million

Berkshire Hathaway lifts new CEO Greg Abel’s salary to $25 million

CNBCbusiness

Key Points:

  • Greg Abel has become the Chief Executive of Berkshire Hathaway as of January 1, with his annual cash salary increased to $25 million.
  • Warren Buffett, the legendary investor and former CEO, has strongly endorsed Abel, expressing confidence in his ability to manage Berkshire's investments.
  • Before becoming CEO, Abel was vice chairman of Berkshire's non-insurance operations, earning a $21 million salary in 2024.
  • By comparison, Buffett's 2024 salary was $100,000 with additional compensation of $305,111, highlighting a significant pay difference between the two executives.