Long Term Stocks

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>>> "Buffett’s Likely Successor Owns Little Stock in Berkshire Hathaway"


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169749440

https://www.barrons.com/articles/u-s-stocks-poised-for-lower-open-on-monday-51661121916


"Ownership of Berkshire Hathaway BRK.B –2.30% stock is a big part of the culture at the sprawling conglomerate, but Greg Abel, the likely successor to Warren Buffett as CEO, appears not to have bought into that.

In a surprise to some Berkshire Hathaway (BRK/A, BRK/B) watchers, Abel sold a 1% stake in the company’s big utility unit, Berkshire Hathaway Energy, back to the subsidiary for $870 million in cash, rather than getting Berkshire stock. That June sale was disclosed in Berkshire’s recently filed 10-Q for the second quarter.

Abel, a Berkshire Hathaway (ticker: BRK/A, BRK/B) vice chairman and head of the company’s vast noninsurance operations, could have sold the stake for Berkshire stock, based on the language of the Berkshire proxy. A sale for Berkshire shares likely would have been tax efficient and aligned him in a major way with Berkshire shareholders."

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