Buffett's Legacy Hangs in the Balance as Abel Takes the Reins at Berkshire Hathaway Berkshire Hathaway's recent quarterly filings have left investors and analysts scrambling to understand the implications of Greg Abel's first major moves as CEO.
The company has more than tripled its stake in Alphabet, Google's parent company, and picked up nearly 40 million shares of Delta stock. It has also dumped Amazon, a stock once seen as a favorite of Warren Buffett.
Abel's background is in operating companies, not investing in them. He has spent his career running major utilities and other businesses, but he has not been known for his prowess as a stock picker.