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Berkshire Hathaway’s new CEO Greg Abel spends a chunk of the company’s massive cashpile

Berkshire Hathaway's new CEO, Greg Abel, has made headlines by investing $10 billion in Alphabet, the parent company of Google. Additionally, he repurchased $4.5 billion of Berkshire shares, leading to a reduction in the company's cash pile...

AP News· Aug 8, 2026 · 5:30 PM · 33 views

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Berkshire Hathaway's new CEO, Greg Abel, has made headlines by investing $10 billion in Alphabet, the parent company of Google. Additionally, he repurchased $4.5 billion of Berkshire shares, leading to a reduction in the company's cash pile to $365.5 billion this quarter. Investors are feeling optimistic about the potential for earnings growth and significant buybacks.

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Originally reported by AP News. Read the full story →

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