berkshire hathaway

The company’s cash reached a record US$380.2 billion at the end of March

Conglomerate’s size, cash pose challenges for new CEO; stock has significantly lagged S&P 500 since ‘Oracle of Omaha’ announced his departure

The two companies will collaborate on reinsurance and global investments including mergers and acquisitions

Abel said adding to his own Berkshire holdings helps align himself with shareholders over the long term

Abel has bought up about US$15.3 million of the shares this week

Q4 operating profit falls 30% to US$10.2 billion as income from insurance operations declined

Berkshire now owns roughly 2.3 million shares of the online retail giant

Abel also owns about US$171 million of Berkshire stock

Sprawling, analogue and fraternal, it is a singular company that long revolved around its singular boss