- Berkshire Hathaway leadership transition and major portfolio shifts
- Berkshire Hathaway is undergoing a leadership transition with Greg Abel set to take over from Warren Buffett, accompanied by investment write-downs.
Berkshire Hathaway incurred billions in losses on its investment in Kraft Heinz and sold its stake in Paramount Global at a loss.
1 report, 1 independent
Updated Aug 5
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What happened
Berkshire Hathaway incurred billions in losses on its investment in Kraft Heinz and sold its stake in Paramount Global at a loss.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Berkshire Hathaway is undergoing a leadership transition with Greg Abel set to take over from Warren Buffett, accompanied by investment write-downs.Also in this story
- Warren Buffett has stepped down from his role as board chair of Berkshire Hathaway.
- Berkshire Hathaway is divesting from major portfolio winners as part of the leadership transition under Greg Abel.
- Berkshire Hathaway holds its Occidental stake while trimming its Apple position as Greg Abel reshapes the conglomerate's portfolio.
- Berkshire Hathaway announced the resumption of its share repurchase program, guided by the Chairman, following analysis of SEC filings.
Within Berkshire Hathaway leadership transition and major portfolio shifts
The entities involved
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Kraft Heinz
American worldwide food company formed by the merger of Kraft Foods and Heinz
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Berkshire Hathaway
American multinational conglomerate holding company
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CBS Studios
American television production company
Coverage
Newest first; wire copies grouped- InvestopediaNot Even Warren Buffett Wins 'Em All—Recent Losses on Two Big Investments Prove It Warren Buffett's Berkshire Hathaway recently took a big hit on its Kraft Heinz holding, writing down the value of it