Berkshire Hathaway lifts new CEO Greg Abel's salary to $25 million

Core Viewpoint - Greg Abel has been appointed as the new Chief Executive of Berkshire Hathaway, succeeding Warren Buffett, and will receive a salary increase to $25 million annually starting January 1, 2025 [2]. Group 1: Leadership Transition - Greg Abel officially took over as CEO on January 1, 2025, following his role as vice chairman of non-insurance operations [3]. - Warren Buffett has publicly endorsed Abel, stating he prefers Abel to manage his investments over any top investment advisers or CEOs in the U.S. [2]. Group 2: Compensation Details - Abel's new annual cash salary is set at $25 million, a significant increase from his previous salary of $21 million in 2024 [2][3]. - In addition to his salary, Abel received "other compensation" of $17,250 in 2024 [3]. - For comparison, Warren Buffett's salary in 2024 was $100,000, with "other compensation" amounting to $305,111 [3].