The move underscores Greg Abel's willingness to look past a deal that has long stood out as a rare blemish in Buffett's otherwise storied record.
Berkshire Hathaway
, with new CEO Greg Abel in charge, has taken a formal step toward unwinding a rare misstep by Warren Buffett.
The conglomerate, which owns GEICO insurance and BNSF Railway, registered its entire 27.5% stake in Kraft Heinz
in a filing that clears the way for Berkshire to exit its position in the hot dog and mac-and-cheese maker. Berkshire is Kraft Heinz’s largest shareholder.
Shares of Kraft Heinz fell 5% in premarket trading following the news.
Berkshire Hathaway's new CEO likes the surprise course reversal announced this week by the new CEO of Kraft Heinz.
Buffett's conglomerate signaled it remains cautious about market valuations, amid uncertainty about tariffs and growth in the…
Berkshire Hathaway's new CEO, Greg Abel, generated some significant headlines during a roughly half-hour live interview on CNBC's…
Investors digested the formal end of Warren Buffett's six-decade tenure as chief executive and the start of a new era under…
A move that caught many by surprise was a big write-down for Berkshire's underperforming Kraft Heinz stake.
La holding del finanziere prende atto delle difficoltà del gruppo alimentare, pronto alla scissione. Uno dei pochi investimenti…
