Business Insider
Business Insider
US · 1 hrs ago

Warren Buffett is out, and Berkshire Hathaway is spending again

Berkshire Hathaway shared its latest earnings report on Saturday. AP Photo/Rebecca S. Gratz In his waning years as Berkshire Hathaway's CEO, Warren Buffett was hoarding cash. The company had close to $400 billion on hand before Buffett retired earlier this year. Now, the new CEO, Greg Abel, is starting to spend it. Berkshire Hathaway's exceptionally deep pockets are getting shallower under its new CEO, Greg Abel. In its latest earnings report on Saturday, the company said it ended June with…
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