The Economic Times

Berkshire Hathaway's new CEO Greg Abel spends a chunk of the company's massive cashpile

Under the new leadership of Greg Abel, Berkshire Hathaway made a staggering investment of ten billion dollars in the parent company of Google. Alongside this, the conglomerate also repurchased about four point five billion dollars in its own shares. Despite a significant decrease in cash holdings since the last quarter, Berkshire Hathaway saw its profits more than double during this exciting period.