Berkshire Vice Chairman Greg Abel speaks with shareholders during the Berkshire Hathaway Inc. yearly shareholders' meeting, successful Omaha, Nebraska, U.S., May 2, 2025.
Brendan McDermid | Reuters
Greg Abel, the recently minted Chief Executive of Berkshire Hathaway, is getting a bump successful wage arsenic helium takes implicit from the legendary capitalist Warren Buffett.
Abel, who began his caller relation astatine the conglomerate connected Jan. 1, volition spot his yearly currency wage emergence to $25 million, according to a Tuesday filing with the U.S. Securities and Exchange Commission. The rise took effect connected the aforesaid date.
Buffett has championed Abel successful his caller position. The capitalist told CNBC's Becky Quick successful May that helium would rather person Abel grip his money "than immoderate of the apical concern advisers oregon immoderate of the apical CEOs successful the United States."
"It is simply a immense endorsement, but it's an endorsement we've made," Buffett told Quick.
Prior to taking the helm astatine Berkshire, Abel was vice president of the company's non-insurance operations. In that post, helium earned a wage of $21 cardinal backmost successful 2024, on with "other compensation" of $17,250, according to a 2025 regulatory filing.
Buffett, who was starring Berkshire astatine the time, had an yearly wage of $100,000, positive $305,111 successful "other compensation" successful 2024.
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