Berkshire Hathaway begins repurchasing shares, CEO Greg Abel buys $15 million in stock
By CNBC
March 5, 2026, 8:11 AM EST
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CNBC: Berkshire Hathaway resumes stock buybacks for the first time since 2024, with new CEO Greg Abel purchasing $15 million worth of shares, showcasing alignment with shareholders.
Berkshire Hathaway, led by CEO Greg Abel, has restarted repurchasing its own shares after a hiatus since 2024. Abel himself bought $15 million in stock, signaling alignment with shareholders. The company’s policy allows for buybacks when the CEO, in consultation with Warren Buffett, believes the price is below intrinsic value. Abel plans to use his full salary for annual stock purchases, maintaining continuity with Buffett’s investment philosophy. This move aims to reassure investors amidst a 3% decline in Berkshire’s shares this year.
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