Greg Abel tells Berkshire investors its cash pile is not a retreat from dealmaking
New chief executive publishes his first letter to shareholders after Warren Buffett’s retirement
New chief executive publishes his first letter to shareholders after Warren Buffett’s retirement

Investors have been given few clues on the strategy of Warren Buffett’s successor

New CEO ‘not anxious to deploy capital into subpar opportunities’ as he picks up baton from legendary predecessor

CEO’s move comes with company’s holdings of cash and short-term Treasury bills at a record $373bn

Thousands of shareholders in Omaha this weekend will be eager to hear new chief’s vision for the conglomerate

Greg Abel to address shareholders at first gathering since he succeeded Warren Buffett

Investors hunt for clues on how the investor’s protégé will shape the $1.1tn conglomerate