Berkshire Hathaway's new CEO Greg Abel spends a chunk of the company's massive cashpile
- Posted on August 8, 2026
- By Business News Today
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- 1 min read
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Berkshire Hathaway's new CEO Greg Abel spends a chunk of the company's massive cashpile
Under the new leadership of Greg Abel, Berkshire Hathaway made a staggering investment of ten billion dollars in the parent company of Google. Alongside this, the conglomerate also repurchased about four point five billion dollars in its own shares. Despite a significant decrease in cash holdings since the last quarter, Berkshire Hathaway saw its profits more than double during this exciting period.
