Berkshire Hathaway Boosts Greg Abel's Pay Ahead of CEO Transition
Friday, 15 March 2024, 20:22
Article Summary
Berkshire Hathaway has heightened Vice Chairman Greg Abel's salary to $20 million, a significant move setting the stage for a leadership transition. This revision aligns with the conglomerate's record operating profit and solidifies Abel's position to follow in Warren Buffett's footsteps.
Key Points:
- The pay raise for Abel symbolizes Berkshire Hathaway's strategic planning for the upcoming CEO shift in 2023.
- Ajit Jain, another Vice Chairman, and Abel are crucial players in overseeing Berkshire's diverse operations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.