Gregory Abel

“We'll do it in a way where we're not going to impact the cost of our other customers. These users of the i.e. those the hyperscalers, the data centers and the users of the energy, uh they have to bear their full cost. We can't transfer that burden across all our other customers.”

— From No special treatment for Data Centers from Berkshire | Greg Abel | Berkshire Annual Meeting 2026, Billionaire Philosophy (May 02, 2026)

“If you look at their with all the data centers and hyperscalers and then in the infrastructure they put in place, their rates are still 45% below the national average. That's just unheard of. It's an exceptional outcome.”

— From No special treatment for Data Centers from Berkshire | Greg Abel | Berkshire Annual Meeting 2026, Billionaire Philosophy (May 02, 2026)

“I'll never be able to develop another Charlie. That was an incredible partnership and one that you can't replicate. But what I would start with is that I'm very fortunate to still have Warren as our chairman and that's very important and it makes for an excellent transition.”

— From Greg Abel responds to who will replace Charlie Munger | Berkshire Hathaway Annual Meeting 2026, Billionaire Philosophy (May 02, 2026)

“I strongly believe that I'll be a strong leader. I'll take Berkshire for it. But it will be as you always need a single leader and I think we strongly understand that. But you surround yourself with great people and they're already here.”

— From Greg Abel responds to who will replace Charlie Munger | Berkshire Hathaway Annual Meeting 2026, Billionaire Philosophy (May 02, 2026)

“I've been fortunate on the non-insurance operation to operate with Adam's 32 and the 18 that I still get to interact with a lot. Those 50, including Adam and Katie, obviously have an exceptional working relationship with Ajit and I would seek counsel regularly even as vice chairman. We would constantly have a conversat...”

— From Greg Abel responds to who will replace Charlie Munger | Berkshire Hathaway Annual Meeting 2026, Billionaire Philosophy (May 02, 2026)

“We are a conglomerate, but we are an efficient conglomerate. We don't have layers of management. We don't have a bunch of committees telling our businesses how to run, how they're going to manage their customer relationships. We try to at the odd time create frameworks so there's value shared across the businesses so t...”

— From Squawk Pod: Berkshire Hathaway 2026 annual meeting: part 3 - 05/02/26 | Audio Only, CNBC Television (May 02, 2026)

“We've always highlighted there's certain circumstances that we may not be the best owner of a business. We've touched on if there's labor issues that we cannot resolve. I would take it to the point then further in my letter I touched on if there's reputational risk that we're not willing to ever have our owners or shar...”

— From Squawk Pod: Berkshire Hathaway 2026 annual meeting: part 3 - 05/02/26 | Audio Only, CNBC Television (May 02, 2026)

“We have a situation where we've actually announced we're selling a portion of Pacific Corp, our Washington state utility. And that's really a function of the fact that we have a multi-state process in Pacific Corp. There's six different states and each customer is impacted in different ways. Unfortunately we were in a...”

— From Squawk Pod: Berkshire Hathaway 2026 annual meeting: part 3 - 05/02/26 | Audio Only, CNBC Television (May 02, 2026)

“We see our conglomerate structure working without the bureaucracy and bloated costs. We see a great opportunity to continue to move capital across those different groups in a very tax-efficient way. Other people can't say I want to move capital. BNSF's a great example. We can take that capital and decide is it needed i...”

— From Squawk Pod: Berkshire Hathaway 2026 annual meeting: part 3 - 05/02/26 | Audio Only, CNBC Television (May 02, 2026)

“We have a very deep bench. We have exceptional operators that understand their business. They understand their industry, their customers. Yes. Do we have still have opportunities to get better? Yeah, it's continuous improvement and we'll close those gaps. But we have exceptional teams there and be it myself, Adam, we s...”

— From Watch Greg Abel preside over the full 2026 Berkshire Hathaway annual shareholder meeting, CNBC Television (May 02, 2026)

“We do not intend to be beholden to anyone. We start with that position. And it's how we manage Berkshire and we'll continue to manage Berkshire. Now that asset the cash and treasuries also creates a unique opportunity. Um it creates the opportunity to deploy it across these different groups. It can be uh and and and it...”

— From Watch Greg Abel preside over the full 2026 Berkshire Hathaway annual shareholder meeting, CNBC Television (May 02, 2026)

“We are a carrier of that we have to that's a an obligation that came with with that railroad just like our utilities. There are certain things we do that are absolutely required and the key is that we do it consistent with uh what's required both federally and at the state level and that were exceptional stewards of th...”

— From Watch Greg Abel preside over the full 2026 Berkshire Hathaway annual shareholder meeting, CNBC Television (May 02, 2026)

“If there's someone else who could operate it and make it be more successful both for the customer and for uh our employees then we have to consider that otherwise that business is unfortunately in a place where uh we can't just fund it and experience losses. We would wind it down over a period of time but we'd look for...”

— From Watch Greg Abel preside over the full 2026 Berkshire Hathaway annual shareholder meeting, CNBC Television (May 02, 2026)

“We are not going to ever say, geez, this is a a specific sector for us or we need to be in it. If there's something in the technology sector or in that group of companies and we understand one of those companies to understand again what their uh opportunities are and what we view as the economic prospects for it and we...”

— From Watch Greg Abel preside over the full 2026 Berkshire Hathaway annual shareholder meeting, CNBC Television (May 02, 2026)

“We operate these businesses for the long run just like we do for obviously for our shareholders. We take a long-term approach there. There's not many days and I used to joke when I more had Adams rule. There wasn't a day I woke up where there the phone the phone wasn't ringing with good news. Yeah, that phone rang. You...”

— From Berkshire’s 2026 annual shareholder meeting: Watch the full afternoon session, CNBC Television (May 02, 2026)