"Buffett describes the relationship as a "perfect 10." Abel has put real money behind that trust. In June 2022 he sold his 1% BHE stake for roughly $870 million and reinvested heavily in Berkshire Class A shares; in early 2026 he plowed his entire $15.3 million after-tax salary back into Berkshire stock. SEC filings show Abel acquiring 21 Class A shares on March 4, 2026, in a tight $725,210 to $733,300 price range. His net worth and shareholder outcomes are now welded together."
"Born in Edmonton in 1962, Abel earned a Bachelor of Commerce in accounting from the University of Alberta in 1984 and started at PwC before joining CalEnergy in 1992. He architected the Northern Electric acquisition in 1996, became CEO of Berkshire Hathaway Energy in 2008, Chairman in 2011, and Vice Chairman of Non-Insurance operations in 2018. The character details matter: a CPA discipline, a hockey team-player ethos, and 25 years inside Buffett's orbit before getting the keys."
"Q2 2026 results filed May 7 showed operating earnings of $11.35 billion versus $9.64 billion a year earlier and a record $380 billion cash position. In March 2026 Abel authorized roughly $234 million in buybacks, the first repurchase in 21 months, triggered when price-to-book dipped to 1.4. That is disciplined capital allocation in action. Abel now oversees about 94% of Berkshire's $327 billion equity portfolio after Todd Combs's December 2025 exit, consolidating around Apple, Coca-Cola, American Express and"
Greg Abel became President and CEO of Berkshire Hathaway on January 1, 2026, following the first leadership transition at the top of the company since 1965. Abel was born in Edmonton in 1962, earned a commerce degree in accounting, worked at PwC, and joined CalEnergy in 1992. He led major acquisition work, became CEO of Berkshire Hathaway Energy in 2008, and held multiple leadership roles before taking the top position. Buffett characterized the relationship as a “perfect 10,” and Abel invested heavily in Berkshire stock, including selling a stake in 2022 and later reinvesting his salary. Berkshire reported higher operating earnings and a record cash position, while Abel authorized buybacks when valuation conditions met targets.
Read at 24/7 Wall St.
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