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Mar 15, 2024 · Abel's salary comprised virtually all his compensation, which grew from $19 million a year earlier. That sum included a $16 million salary and $3 million bonus. The 61-year-old vice chairman oversees Berkshire's non-insurance operations such as BNSF, Berkshire Hathaway Energy and dozens of chemical, industrial and retail operations.
Mar 15, 2024 · But the 93-year-old Buffett also owns 15.1% of Berkshire, and his $135 billion fortune ranks sixth worldwide according to Forbes magazine. Berkshire's operating profit totaled $37.4 billion in ...
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May 5, 2024 · The latest Berkshire share purchases made via Abel's family trust in March 2023, increased his Berkshire stake to 228 "A" shares, valued at approximately $140 million as of Tuesday's close.
- Early Life and Education
- Notable Accomplishments
- The Bottom Line
Born June 1, 1962, and raised in Edmonton, Canada, Gregory Abel graduated from the University of Alberta in 1984 with a commerce degree. He became an accountant and, after a stint with Big Four accounting firm PwC (PricewaterhouseCoopers), joined a small electricity company, CalEnergy, in 1992. He rose to become president of the business in 1998, w...
That ability continued at Berkshire. BHE has accounted for/been involved in some of Berkshire's largest acquisitions, including PacifiCorp in 2005, Nevada utility NV Energy in 2013, and Dominion Energy’s pipeline business in 2020. Abel also nurtured Home Services, a small real estate brokerage that came with the purchase of another company; it's no...
Greg Abel will face challenges when he steps into the big role. An increasingly activist group of Berkshire shareholders is agitating for the company to spend more of its considerable cash reserves, to reduce its carbon footprint, and to promote diversity. All this, along with the fact that he's not Warren Buffett. But then, he won't be inheriting ...
- Troy Segal
May 6, 2024 · A 25-year Berkshire veteran, Vice Chairman Abel, 61, is expected by investors and analysts to uphold the $865 billion conglomerate's track record of investing in companies for the long haul and ...
Mar 19, 2024 · The investor has put Abel in good stead to do that by paying him around $100 million in total salary and bonuses over the last five years, including a flat $20 million last year, up from a $16 ...
