Berkshire Hathaway begins repurchasing shares, CEO Greg Abel buys $15 million in stock
Business
Berkshire Hathaway said Thursday it has resumed repurchasing its own shares for the first time since 2024 and separately new CEO Greg Abel purchased $15 million worth of stock himself. The Omaha-based conglomerate disclosed in a regulatory filing that it began buying back its Class A and Class B shares on Wednesday. Berkshire's policy allows the company to repurchase stock whenever the chief executive, after consultation with the chairman of the board i.e. Warren Buffett, believes that the
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