Berkshire Hathaway lifts new CEO Greg Abel’s salary to $25 million
Berkshire Vice Chairman Greg Abel at the Berkshire Hathaway Inc. Summit held in Omaha, Nebraska, USA on May 2, 2025. speaking to shareholders at the annual shareholder meeting.
Brendan McDermid | Reuters
Greg Abel, newly appointed Chief Executive Officer Berkshire Hathawayis enjoying a pay increase as he takes over from legendary investor Warren Buffett.
It is stated that Abel, who started his new position at the holding on January 1, will increase his annual cash salary to 25 million dollars. Application on Tuesday With the U.S. Securities and Exchange Commission. The increase took effect on the same date.
Buffett supported Abel in his new position. The investor told CNBC’s Becky Quick in May that he would prefer to have Abel manage his money “rather than any of the top investment advisors or top CEOs in the United States.”
“It’s a huge support, but it’s a support we’re giving, too,” Buffett told Quick.
Before taking over as head of Berkshire, Abel was vice president of the company’s non-insurance operations. He won in that article In addition to the $21 million salary, $17,250 in “other compensation” was also paid in 2024. 2025 regulatory filing.
Buffett, who ran Berkshire at the time, had an annual salary of $100,000, plus $305,111 in “other compensation” in 2024.
