Berkshire's Power Shift: Greg Abel Takes the Helm of the $300 Billion Portfolio

Greg Abel, the CEO of Berkshire Hathaway, is not following the original script when it comes to managing the company’s $300 billion stock portfolio. Warren Buffett originally envisioned that Ted Weschler and Todd Combs would lead the portfolio once he stepped down as CEO. " Todd and Ted will, possibly supported by another manager, take responsibility for the entire stock and bond portfolio of Berkshire, subject to the general direction of the then-CEO and the board of directors ,” the company stated in a press release announcing Weschler's...