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Berkshire Hathaway has raised newly appointed chief executive Greg Abel’s annual salary to $25m, a stark contrast to Warren Buffett’s long-standing $100,000 salary. Mr. Abel, who took over as CEO on January 1st, previously served as vice chairman overseeing the conglomerate’s non-insurance businesses. His pay has steadily increased in recent years, reaching $21m in 2024. Abel also holds approximately $171m in Berkshire stock and sold his 1% stake in Berkshire Hathaway Energy to the company for $870m in 2022.
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