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Home›US Markets›Sectors›Berkshire CEO Greg Abel takes back seat in equity deci…

Berkshire CEO Greg Abel takes back seat in equity decisions

CNBC Markets says Greg Abel is allowing Warren Buffett and portfolio manager Ted Weschler to drive Berkshire Hathaway's stock selections.

Reported · Written up by our desk · Sectors

CNBC Markets reports that Berkshire Hathaway's new CEO, Greg Abel, appears to be giving day to day decision making on the company's equities to Warren Buffett and portfolio manager Ted Weschler.

According to the outlet, the arrangement suggests Abel is taking a more limited role in determining which stocks Berkshire buys, at least for now.

The reporting frames this as a Buffett led approach to Berkshire's stock portfolio, despite Abel's CEO title.

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Sources

CNBC MarketsWarren Buffett Watch: It's Buffett, not Abel, who appears to be calling the shots on stocks

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