Abel goes his own way with new Berkshire investments, including billions for AI
Warren Buffett tells CNBC's Becky Quick new Berkshire Hathaway CEO Greg Abel has "launched" with his first major deal.
AI Summary
Greg Abel, Berkshire Hathaway’s new CEO, made his first major move by acquiring homebuilder Taylor Morrison for $6.8 billion. Warren Buffett praised Abel for completing the deal faster and smoother than he could have, noting Abel never even spoke to the target’s CEO until after. The acquisition reflects Abel’s independent approach, with the broader Berkshire board only informed after the deal was finalized.