Berkshire CEO Abel Emphasizes Continuity in First Shareholder Letter

New CEO Greg Abel vows to maintain Buffett's legacy and culture at Berkshire Hathaway.

Mar. 3, 2026 at 12:23am

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In his first letter to Berkshire Hathaway shareholders, new CEO Greg Abel emphasized that he will not be making major changes to the way the company has operated for decades under Warren Buffett's leadership. Abel praised Buffett as "arguably the greatest investor of all time" and vowed to maintain Berkshire's "fortress-like balance sheet" and "culture" that defines the company.

Why it matters

Berkshire Hathaway investors were closely watching Abel's first shareholder letter for any signs of a shift in strategy or priorities under the new CEO. Abel's message of continuity and commitment to Buffett's legacy is likely to reassure shareholders that the company will maintain its conservative, long-term approach to investing and operations.

The details

In the letter, Abel said he "sent a letter to our employees to emphasize that Berkshire's cultures and values remain unchanged and will continue into perpetuity." He also acknowledged Buffett's longtime opposition to paying dividends and committing to Berkshire's "fortress-like balance sheet." Abel confirmed that responsibility for Berkshire's equity portfolio "ultimately resides" with him as CEO, with Ted Weschler continuing to manage about 6% of the investments.

  • Abel became Berkshire Hathaway's CEO in January 2026.
  • Abel's first shareholder letter was published on March 1, 2026.

The players

Greg Abel

The new CEO of Berkshire Hathaway, who took over from Warren Buffett in January 2026.

Warren Buffett

The legendary investor who served as Berkshire Hathaway's CEO for decades before passing the reins to Greg Abel.

Charlie Munger

Berkshire Hathaway's vice chairman, who has worked closely with Buffett for many years.

Ajit Jain

Berkshire's insurance chief, praised by Abel for his "judgment and discipline" over four decades.

Ted Weschler

The Berkshire executive who continues to manage about 6% of the company's investments.

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What they’re saying

“Greg will keep the culture”

— Charlie Munger, Berkshire Hathaway Vice Chairman

“We are committed to strengthening the great legacy built by Warren and Charlie, ensuring it endures through our commitment to excellence.”

— Greg Abel, Berkshire Hathaway CEO

What’s next

Abel and other Berkshire executives will participate in the company's annual shareholder meeting on May 2 in Omaha, where they will answer questions from investors.

The takeaway

Greg Abel's first shareholder letter as Berkshire Hathaway's new CEO emphasizes a commitment to maintaining the company's long-standing culture, investment philosophy, and conservative financial approach under Warren Buffett's leadership. This message of continuity is likely to reassure Berkshire shareholders that the transition to new leadership will be smooth.