Greg Abel will take over as CEO of Berkshire Hathaway in January, succeeding Warren Buffett. Abel's management style is expected to be more hands-on compared to Buffett's famous delegation. Experts predict a greater focus on underperforming subsidiaries and potential for dividends. Berkshire shares have experienced volatility around this leadership transition, with a dip following Buffett's announcement. Despite the stock's struggles, opinions on Abel's prospects are largely positive. The shift may enhance operational management within the conglomerate, potentially resulting in better performance overall.
"Greg Abel is an operator at heart - he'll engage more directly with underperforming subsidiaries, unlike Buffett, who was famously hands-off. Berkshire will become known for 'intelligent autonomy.'"
"Berkshire may actually be managed better by Abel as he's more of a hands-on people manager than Buffett, whose number one interest was capital allocation."
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