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May 3, 2021 · Abel’s compensation has been set by Buffett, the CEO of Berkshire Hathaway. His salary and other forms of compensation equate to multiple millions per year. Reuters reported in 2019 that his ...
- Kathryn Underwood
- 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 3, 2021 · While his salary at Berkshire Hathaway can vary from year to year, Abel made a base salary of $16 million in both 2019 and 2020, along with annual bonuses of $3 million each of those years ...
May 3, 2021 · Abel owns a 1% stake in Berkshire Hathaway Energy, billionaire Walter Scott owns 7.9% and Berkshire Hathaway owns the remaining 91.1% of the company, according to BHE’s 2020 annual report.
- Hank Tucker
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May 3, 2021 · How much is Abel currently making at Berkshire? According to a filing with the Securities and Exchange Commission, Abel's total compensation for 2020 came in at just over $19 million. As vice ...
- Lucas Manfredi
- 2 min
May 3, 2021 · Meet Greg Abel, the 58-year-old Berkshire Hathaway vice chairman just tapped as Warren Buffett's successor ... Energy from 2008 to 2018 and the president from 1998 to 2018. Abel currently serves ...
May 6, 2021 · By 2008, he’d worked his way up to become the company’s president. Later, the company changed its name to Berkshire Hathaway Energy, and Abel was promoted to the company’s CEO in 2018. And with good reason. Abel was pivotal in turning the company’s energy division into a profitable unit, churning out nearly US$20 billion in revenue per ...
