Greg Abel is starting to make his mark as Warren Buffett's successor
Greg Abel has completed his first major acquisition as CEO of Berkshire Hathaway, purchasing homebuilder Taylor Morrison for $8.5 billion. This move signals his intent to consolidate Berkshire's housing-related businesses to address the U.S. home affordability crisis.
Why it matters
As the successor to Warren Buffett, Abel's strategic decisions are being closely watched to see how he will shape the future of the massive conglomerate.
Warren Buffett (left) and Greg Abel, who succeeded him as Berkshire Hathaway CEO this year. Nati Harnik/AP, FileBrendan McDermid/REUTERS Greg Abel, who succeeded Warren Buffett as Berkshire Hathaway's CEO, completed his first takeover. Abel plans to unite Taylor Morrison with Berkshire's 15 similar homebuilders. He's starting to make his mark as CEO with this deal, the Alphabet wager, and his new team. Warren Buffett's successor, Greg Abel , just completed his first acquisition as Berkshire Hathaway's CEO. It's the latest sign that he's ready and willing to build on what Buffett built. In a Friday press release, Berkshire said it has officially taken over Taylor Morrison for $8.5 billion in cash, a deal it first announced at the end of May.
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