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The Economic Times
The Economic Times

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

Berkshire Greg Abel Berkshire Hathaway Warren Buffett Google

Omaha: Berkshire Hathaway's new CEO Greg Abel spent a significant chunk of the company's massive pile of cash as it invested $10 billion in Google's parent company and repurchased about $4.5 billion of its shares.

The conglomerate that legendary investor Warren Buffett built reported its second-quarter earnings Saturday morning and disclosed that its cash holdings had shrunk to $365.5 billion from nearly $400 billion at the end of March.

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