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Sat, May 3, 2025
[ Sat, May 03rd ]: ThePrint
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[ Sat, May 03rd ]: Forbes
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[ Sat, May 03rd ]: Fortune
Gen Z is actually the most enthusiastic generatio .. n the office. They want to be there 3 days a week

Buffett hands his successor a giant cash pile and many questions

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"There could be a laundry list that some institutional investors have that include the payment of a cash dividend, and a more regular capital allocation program."
In a recent interview at the Berkshire Hathaway annual meeting, Warren Buffett expressed confidence in Greg Abel as his successor, emphasizing Abel's readiness to take over as CEO and his capability to manage the conglomerate's diverse businesses. Buffett highlighted Abel's deep understanding of Berkshire's operations and his strategic approach to capital allocation. Additionally, Buffett addressed concerns about Berkshire's growing cash pile, which has reached a record $189 billion, stating that the company is prepared to deploy this capital when suitable opportunities arise, though he acknowledged the challenges of finding large-scale investments that meet Berkshire's stringent criteria. The meeting also touched on broader economic topics, with Buffett offering insights into the current market environment and his outlook on future economic conditions.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/04/buffett-berkshire-hathaway-ceo-succession-greg-abel-cash-pile/ ]