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Buffett's Berkshire Successor Set to Earn One of Top Salaries for an S&P 500 CEO
WSJ· 2026-01-07 22:25
Core Insights - Greg Abel's salary of $25 million is significantly higher than the median total pay for CEOs of large companies, indicating a competitive compensation structure within the industry [1] Compensation Analysis - The total pay for Greg Abel includes a base salary that is well above the median for big-company chiefs, highlighting the trend of high executive compensation in the corporate sector [1] - Despite Abel's substantial salary, many top CEOs receive even higher compensation through stock and options awards, reflecting the varying compensation strategies employed by different companies [1]
Berkshire Hathaway CEO Greg Abel to earn $25M a year, far above Buffett's salary
Proactiveinvestors NA· 2026-01-07 17:02
Company Overview - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team operates from key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Utilization - Proactive is a forward-looking company that adopts technology enthusiastically to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Berkshire’s Abel to Get 19% Salary Bump in First Year as CEO
Yahoo Finance· 2026-01-06 22:45
Group 1 - Berkshire Hathaway Inc. CEO Greg Abel will receive an annual cash salary of $25 million, significantly higher than Warren Buffett's long-standing salary of $100,000 [1] - Abel's salary represents a 19% increase from his previous salary of $21 million in 2024, with total compensation slightly higher due to additional benefits [3] - Buffett, who is 95 years old, announced that he would step down as CEO in January, while continuing to serve as chairman of the company [2] Group 2 - Abel is responsible for managing Berkshire Hathaway's substantial cash reserves, which amount to $382 billion [3] - Despite Abel's increased salary, it remains modest compared to the compensation packages of tech executives, such as Elon Musk's $1 trillion package approved by Tesla shareholders [5] - Abel has been with Berkshire Hathaway since 1999 and has held various leadership roles, including CEO of Berkshire Hathaway Energy and vice chairman overseeing non-insurance businesses [6]