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Gate Square New & Returning Creator Rewards are ongoing!
Your ideas may be more valuable than you think!
Make your first post or come back post to share a $20,000 monthly prize pool!
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2026 starts with this post!Gate 2025 Year-End Gala Square TOP50 List Announced!
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Greg Abel Steps Into Berkshire Hathaway's Top Role With Substantial Compensation Package
Berkshire Hathaway has significantly boosted the compensation structure for its newly appointed Chief Executive Officer, Greg Abel, increasing his annual cash salary to $25 million following his formal transition into leadership. Abel officially took over the President and Chief Executive Officer position at the conglomerate on January 1, 2026.
The salary increase reflects Abel's expanded responsibilities in his new position. Prior to his elevation to the top executive role, Abel served as Vice Chairman of Non-Insurance Operations, where he received a total compensation package valued at $21.02 million during 2024. This $3.98 million raise underscores the board's confidence in Abel's capabilities to lead the diversified holding company.
The announcement came through regulatory filings, revealing the company's commitment to attracting and retaining top executive talent as it continues its operations across insurance, utilities, manufacturing, and investment sectors.
*Disclaimer: The information presented reflects factual company disclosures and does not constitute financial advice or endorsement by any particular institution.*