CNBC's Becky Quick sits down with Berkshire Hathaway Chair Warren Buffett at the 2026 Berkshire Hathaway annual meeting.
New CEO Greg Abel led the Berkshire Hathaway annual meeting in Omaha, Nebraska, for the first time, with Warren Buffett now chairman.
Asked about how and when he could offer insurance to ships crossing the embattled Strait of Hormuz, Berkshire's vice chairman of insurance operations Ajit Jain gave a pithy response. “The short answer is – depends on the price,” he said, getting laughter and applause from the audience.
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Berkshire Hathaway won't be betting the farm on AI, Greg Abel said on Saturday. Warren Buffett's successor as CEO said Berkshire would be prudent during the annual meeting.
Greg Abel said at the 2026 Berkshire Hathaway annual shareholders meeting that the company has taken a reserved stance on using and managing artificial intelligence, a stark contrast from other chief executives racing to reorient or rebrand their businesses around the technology. “It has to be additive to our businesses,” Abel said.
“We couldn't have made a better decision. that's been 100% successful.
Berkshire Hathaway's massive cash pile reached a new high, and operating earnings surged in the company's first quarter without Warren Buffett as CEO.
The conglomerate reported results just ahead of its annual shareholder meeting, where new CEO Greg Abel will take the stage in Warren Buffett's place.
Greg Abel made a point of stopping by every booth in the hall, greeting employees and shaking hands with shareholders.
Berkshire Hathaway investors will be watching stock buybacks, cash levels, and equity sales for clues on how Warren Buffett and Greg Abel view the market.
Pressure is riding on Berkshire Hathaway's new CEO Greg Abel to deliver at Saturday's annual shareholder meeting, his first without Warren Buffett together on stage.