Berkshire’s Abel Vows to Use All His Pay to Buy Firm’s Stock

Berkshire Hathaway Inc. Chief Executive Officer Greg Abel said he will use all of his take-home pay to acquire the conglomerate’s stock for as long as he’s in the role.

To that end, Abel bought up about $15.3 million of the shares this week, according to a regulatory filing. He said his commitment to continue doing so after the firm releases its annual results each year will add up to “hundreds of millions” of share repurchases over the course of his career.