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News  ›  Benzinga

Buffett Refused A Raise For Decades, His Successor Is Making 250x More To Lead Berkshire Hathaway

Benzinga Logo Benzinga By Chris Katje
Buffett Refused A Raise For Decades, His Successor Is Making 250x More To Lead Berkshire Hathaway

Warren Buffett stepped down as CEO of Berkshire Hathaway at the end of 2025 after maintaining a $100,000 annual salary for over 40 years and refusing raises. His successor, Greg Abel, will receive a $25 million base salary—250 times more than Buffett earned in the role. Abel previously made $21 million as Vice Chairman and owns 228 Class A and 2,363 Class B shares of Berkshire Hathaway.

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JPM   neutral

Mentioned as a client of Semrush, no direct impact from the acquisition


BRK.A   neutral

The article reports a significant leadership transition and compensation change without indicating negative or positive implications for the company's performance or prospects. The change in CEO pay structure is presented as factual information rather than a concern or positive development for shareholders.