economy
May 2, 2026
Berkshire Hathaway shareholders gather for 1st annual meeting without Warren Buffet on stage
Berkshire Hathaway shareholders gathered Saturday in Omaha, Nebraska for the first annual meeting without legendary founder Warren Buffett on the stage.
TL;DR
- Berkshire Hathaway's first annual meeting without Warren Buffett on stage took place in Omaha, Nebraska.
- Greg Abel officially became CEO in January 2026, succeeding Warren Buffett.
- The company reported a first-quarter profit of $10.1 billion, more than double the previous year's earnings.
- This profit increase was driven by a $5.8 billion gain on sold stocks and overall improvements in business operations.
- Berkshire's operating earnings grew to $11.3 billion, exceeding analyst expectations.
- The insurance unit, including Geico, reported an underwriting profit of $1.7 billion.
- The company's cash pile reached $397.4 billion at the end of the first quarter.