Abel reassures shareholders at Berkshire Hathaway meeting

Speaking at the company’s annual meeting in Omaha—his first since becoming CEO four months ago—Greg Abel sought to reassure Berkshire Hathaway shareholders that he will invest prudently and manage its vast cash reserves without added bureaucracy.

He said he is actively evaluating new investment opportunities across public and private markets while aiming to maintain Berkshire’s long-term durability.

Attendance was notably lower than in past years, led by Buffett and Charlie Munger, per Reuters.

Buffett was also present in the audience.