Berkshire Hathaway resumed repurchasing its Class A and Class B common stock for the first time since the second quarter of 2024. CEO Greg Abel authorized the move following consultations with Chairman Warren Buffett. The company executes buybacks when leadership determines the stock price sits below its intrinsic value.
The company publicly announced the program to provide transparency during its leadership transition. This public disclosure represents a shift from Berkshire's typical reporting procedures.
CEO Greg Abel personally purchased approximately $15 million in Berkshire shares. He committed to using his future salary to continue acquiring stock.
These maneuvers target the deployment of Berkshire’s record cash reserves. The company’s cash hoard currently exceeds $370 billion.