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Abel leaves Berkshire Hathaway's stock picks to Buffett and portfolio manager Weschler

OMAHA, Aug. 22. Warren Buffett appears to retain control over Berkshire Hathaway's stock portfolio even after Greg Abel took over as chief executive, and portfolio manager Ted Weschler is also part of those calls. Abel, the new CEO, appears to be deferring to both men on all equities decisions at the company.

By Julian Merrick2 min readBRK.B
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Key takeaways

  • Warren Buffett appears to retain control over Berkshire Hathaway's stock portfolio even after Greg Abel became chief executive.
  • New CEO Greg Abel is deferring to Buffett and portfolio manager Ted Weschler on all equities decisions at the company.
  • Abel's promotion to CEO did not include responsibility for stock selection.
  • The arrangement splits Berkshire Hathaway's top roles into two tracks: Abel as CEO, and Buffett and Weschler handling equity decision-making.
  • Ted Weschler, identified as a portfolio manager, appears to work alongside Buffett on stock picks, placing two people on the equity function rather than one.

OMAHA, Aug. 22. Warren Buffett appears to retain control over Berkshire Hathaway's stock portfolio even after Greg Abel took over as chief executive, and portfolio manager Ted Weschler is also part of those calls. Abel, the new CEO, appears to be deferring to both men on all equities decisions at the company.

The arrangement splits Berkshire Hathaway's top roles into two tracks. Abel holds the chief executive post. Buffett and Weschler appear to hold the equity decision-making. Abel's move to CEO did not bring stock selection with it.

Weschler is identified as a portfolio manager at Berkshire Hathaway. He appears to work alongside Buffett on stock picks, placing two names on the equity function rather than one.

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Frequently asked

Who controls Berkshire Hathaway's stock portfolio now that Greg Abel is CEO?

Warren Buffett appears to retain control over the stock portfolio, working alongside portfolio manager Ted Weschler on equity decisions.

What role does Greg Abel hold at Berkshire Hathaway?

Abel holds the chief executive officer post, but his move to CEO did not bring stock selection responsibilities with it.

Who is Ted Weschler?

Ted Weschler is identified as a portfolio manager at Berkshire Hathaway who appears to work alongside Buffett on stock picks.

Did Abel take over stock-picking duties when he became CEO?

No, Abel appears to be deferring to both Buffett and Weschler on all equities decisions, and stock selection did not come with his CEO role.