Gregory E. Abel

Money Moves

Three quarters into the job; a record $9.6 billion buyback and a $9.4 billion chemicals acquisition

Berkshire Hathaway bought back $9.6 billion of its own stock in the third quarter, the largest single-quarter repurchase in the company's history. In the same quarter, operating profit from its wholly owned businesses fell 6% to $12.7 billion, dragged down by insurance.

Updated 4 days ago

Money Moves

As of September 2026: Closed his first acquisition (Taylor Morrison, July 24), made Alphabet Berkshire's No. 3 holding, and became a net buyer of stocks in Q2 2026

Greg Abel's first acquisition closed on July 24, when Berkshire finished its $8.5 billion takeover of Taylor Morrison, a homebuilder with 350 communities in 12 states. The deal, announced May 31, was Abel's first big test as CEO.

Updated Sep 18

Money Moves

As of May 2026: Designated Berkshire successor, managing utility crisis

Portland General Electric is buying PacifiCorp's Washington utility operations for $1.9 billion—the first major cross-state utility deal in the Pacific Northwest in decades. The deal, announced February 17, 2026, moves 140,000 customers, three power plants (805 megawatts), and 4,500 miles of transmission lines from Warren Buffett's Berkshire Hathaway to an Oregon-based utility partnering with Canadian infrastructure investors.

Updated May 29

Money Moves

As of May 2026: Incoming President and CEO effective January 1, 2026

Berkshire Hathaway is executing a leadership transition as Warren Buffett hands the CEO role to Greg Abel on January 1, 2026. The transition includes a CFO succession plan, a new in-house general counsel, and a new GEICO CEO. JPMorgan Chase is launching a $1.5 trillion, decade-long Security and Resiliency Initiative (SRI) to finance and invest in U.S. critical industries.

Updated May 10