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Berkshire’s new CEO Greg Abel set for a $25 million annual pay package
Greg Abel is expected to earn roughly $25 million annually as Berkshire Hathaway’s new CEO, exceeding the lifetime salary Warren Buffett received.
Berkshire Hathaway’s incoming chief executive Greg Abel is poised to receive an annual compensation package of about $25 million, significantly higher than Warren Buffett’s lifetime salary at the company. The pay arrangement reflects executive reward structures at large diversified firms and underscores a shift in how leadership is compensated at the conglomerate after Buffett’s transition from the CEO role.