Berkshire Hathaway’s new CEO Greg Abel hinted that he may depart from Warren Buffett’s longtime hands-off operating model at the conglomerate as he announced a $6.8 billion cash acquisition of homebuilder Taylor Morrison.
Warren Buffett’s successor appears to be considering his first significant move after taking over as CEO this month.
Greg Abel faces the challenge of taking over Berkshire Hathaway from the legendary Warren Buffett this week.
Incoming Berkshire Hathaway CEO Greg Abel is assembling his team to help him lead the conglomerate Warren Buffett built starting in January after a couple of key departures.
Warren Buffett's company reported less than half as much profit in the second quarter as it took a $3.76 billion writedown on the value of its stake in Kraft Heinz as that iconic food producer considers largely undoing the merger that Berkshire Hathaway helped bankroll.
