Gregory E. Abel

Money Moves

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 6 days ago

Money Moves

Hosting first annual meeting as CEO on May 2, 2026

Warren Buffett ran Berkshire Hathaway's annual question-and-answer session for 60 years. On Saturday in Omaha, he watched from off-stage as Greg Abel hosted it instead. Abel, who took over as chief executive on January 1, 2026, fielded shareholder questions alongside Vice Chairman Ajit Jain, BNSF chief Katie Farmer, and reinsurance executive Adam Johnson—a panel format Berkshire never used while Buffett was at the microphone.

Updated May 2

Rule Changes

Defending pipeline operations across multiple jurisdictions

Two 20-inch oil pipelines have been pumping crude under the Straits of Mackinac since 1953. Michigan has spent seven years trying to shut them down. On April 22, 2026, the Supreme Court ruled that the company defending the pipelines—Canadian operator Enbridge—gets to fight that battle in federal court, not the state courthouse Michigan picked.

Updated Apr 22

Money Moves

Designated Berkshire successor, managing utility crisis

Portland General Electric is paying $1.9 billion to acquire PacifiCorp's Washington utility operations—the first major cross-state utility acquisition in the Pacific Northwest in decades. The deal, announced February 17, 2026, transfers 140,000 customers, three power plants totaling 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 Feb 17