Berkshire Hathaways new CEO Greg Abel spends a chunk of the companys massive cashpile
OMAHA, Neb. (AP) — Berkshire Hathaway's new CEO Greg Abel spent a significant chunk of the company's massive pile of cash as it invested $10 billion in Google's parent company and repurchased about $4. 5 billion of its shares. The conglomerate that legendary investor Warren Buffett built reported its second-quarter earnings Saturday morning and disclosed that its cash holdings had shrunk to $365. 5 billion from nearly $400 billion at the end of March. Berkshire's report suggested that it had...
Read MoreSat, 08 Aug 2026
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