Berkshire Hathaway CEO Supports Kraft Heinz Decision

OMAHA, Neb. (AP) — Berkshire Hathaway is buying back shares for the first time in nearly two years, and new CEO Greg Abel said he has no immediate plans to sell off Kraft Heinz shares now that the packaged food giant has shelved its plan to split the company into two. Abel appeared on CNBC Thursday — less than a week after releasing his first letter to shareholders. Berkshire also took the unusual step of filing a formal notice about the share repurchases. Abel revealed that he used all $15.3 million of his take-home pay for 2026 to buy Berkshire stock, and he plans to continue doing that as long as he remains CEO.