Berkshire’s New CEO Makes Something Crystal Clear About Shareholder Capital

In his first letter to shareholders as chief executive, Greg Abel did something Warren Buffett rarely did in his roughly six decades running Berkshire Hathaway (NYSE:BRK-B). He drew a hard line between management and ownership of capital. “Your capital is commingled with ours, but it does not belong to us. Our role is stewardship,” Abel ... Berkshire’s New CEO Makes Something Crystal Clear About Shareholder Capital