Greg Abel is getting decent, if not spectacular, reviews for leading his first annual shareholders meeting as CEO.
Berkshire Hathaway held its annual meeting celebrating Warren Buffett's 60 years as CEO, with Greg Abel fielding questions about the company's nearly $400 billion cash position. Buffett praised Abel as doing 'everything I did and then some, and he's doing it better in all cases.' The meeting also marked 10 years since Berkshire's $35 billion Apple investment, now worth $185 billion. Buffett warned that current market conditions have people 'in a more gambling mood' with prices looking 'very silly.' Berkshire repurchased only $234 million of stock in March, far below some investors' expectations for aggressive repurchases.
