Warren E. Buffett

Stories

Berkshire's new CEO spends the cash pile as insurance profits slide

Chairman emeritus since September 2026, when his son Howard took the chair

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

Berkshire Hathaway begins post-Buffett era under Greg Abel

Money Moves

As of September 2026: Stepped down as chairman on September 18, 2026; became chairman emeritus. Son Howard G. Buffett took the chairman role.

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

Kraft Heinz cancels split, bets on internal turnaround

Money Moves

As of May 2026: Preparing to exit Berkshire's 27.5% stake in Kraft Heinz

Since the 2015 Kraft-Heinz merger, the company has been a cautionary tale: shrinking sales, falling market share, a $15 billion writedown, a stock down roughly 70%. The board approved a tax-free two-company split in September 2025. Five months later, a new CEO scrapped that plan and bet $600 million on fixing the company instead.

Updated May 31

Pacific Northwest utility consolidation

Money Moves

As of May 2026: Overseeing PacifiCorp wildfire liability response

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

Berkshire’s post–Buffett shake–up meets JPMorgan’s $1.5 trillion security bet

Money Moves

As of May 2026: Transitioning from CEO to non‑executive chairman by 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

Notable Quotes

I think the time has arrived where Greg should become the chief executive officer of the company at year end. — Buffett, May 2025 annual meeting

from Berkshire Hathaway begins post-Buffett era under Greg Abel · Updated Sep 18

"I was wrong on Kraft." — Buffett's prior public assessment of overpaying in the merger

from Kraft Heinz cancels split, bets on internal turnaround · Updated May 31

On Greg Abel: Buffett has said Berkshire’s prospects will be “better under Greg’s management than mine,” explaining why he won’t sell any of his Berkshire shares.

from Berkshire’s post–Buffett shake–up meets JPMorgan’s $1.5 trillion security bet · Updated May 10

On Marc Hamburg: He called Hamburg “indispensable to Berkshire and to me” whose “integrity and judgment are priceless.”

from Berkshire’s post–Buffett shake–up meets JPMorgan’s $1.5 trillion security bet · Updated May 10