NYSE:BRK.ADiversified Financial
Greg Abel’s Berkshire Era Begins With Fire Risk And Capital Questions
Greg Abel has taken over as CEO of Berkshire Hathaway (NYSE:BRK.A), issuing his first shareholder letter and outlining how he plans to run the company after Warren Buffett.
Berkshire’s utility subsidiary PacifiCorp is facing significant wildfire related liabilities, and Abel is pursuing legislative and regulatory changes that could affect how those risks are shared and managed.
These developments mark the first major leadership transition at Berkshire in decades and come as utility operators...