In this article
Greg Abel, the newly minted Chief Executive of Berkshire Hathaway
, is getting a bump in salary as he takes over from the legendary investor Warren Buffett.
Abel, who began his new role at the conglomerate on Jan. 1, will see his annual cash salary rise to $25 million, according to a Tuesday filing with the U.S. Securities and Exchange Commission. The raise took effect on the same date.
Buffett has championed Abel in his new position. The investor told CNBC’s Becky Quick in May that he would rather have Abel handle his money “than any of the top investment advisers or any of the top CEOs in the United States.”
