New leader says company has shortlist of acquisition targets, as its cash pile grows; assures investors that culture isn’t changing
Berkshire Hathaway’s Greg Abel took the stage Saturday to address investors for the first time as CEO, paying tribute to Warren Buffett while laying out a case that the sprawling conglomerate will remain on firm footing.
Abel assured the crowd that the culture Buffett built wouldn’t change, before walking them through how the company’s varied businesses—from car insurance to railroads to energy—are addressing potential opportunities, including in artificial intelligence.
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