RESOLVING THE LEDGER
This is one outlet's own report from The Motley Fool — the article as it was filed. Other outlets are covering the same event; open the full story to compare every source side by side.
See the full story · 2 sources
Well, that was fast. When legendary investor Warren Buffett stepped down as CEO of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) on Dec. 31, many wondered whether his handpicked successor, Greg Abel, would play it safe for a quarter or two or jump right in with a bold move to differentiate himself from his predecessor.
Turns out Abel made not just one bold move, but 15 once he was in the CEO's chair. In just his first quarter as CEO, he sold 15 positions that Buffett initiated in their entirety, including some 15-year holdings. He also opened new positions in some stocks that weren't on anyone's radar.
Here's what Abel's moves should tell Berkshire shareholders about the company's future.
Continue reading
AIPROPX is an independent multi-source news index — we track, compare, and connect coverage from across the web into one place you won't find anywhere else.