Berkshire CEO discusses buybacks, own purchase of company shares

March 5 - Berkshire hathaway ceo greg abel, speaking on cnbc, says he consulted with his predecessor warren buffett before deciding to resume stock repurchases

Abel says berkshire's disclosure that it has begun stock repurchases is a one-time event

Abel says he has been disappointed in kraft heinz investment, but the food company's new ceo is taking the right approach in evaluating kraft heinz's future

Greg abel interview ends

Abel says his purchase of berkshire stock is to demonstrate alignment with shareholders, and that he plans to do it every year

Abel says warren buffett is in the office every day, and that if they don't talk every day it's every couple of days

Abel says berkshire will act 'decisively and quickly' if an opportunity for a possible major investment comes along

Abel says berkshire is not planning any specific action to reduce kraft heinz investment

Abel says berkshire's pacificorp utility should not take responsibility for a 2020 oregon wildfire caused by lightning

Abel says he views repurchases as a means to create value for shareholders over the long term

Abel says his purchase of 21 berkshire class a shares reflects after-tax value of his annual salary

Abel says he does not see berkshire paying a shareholder dividend in the near future