Greg Abel Vows Continuity as Berkshire Hathaway Earnings Drop 30%

Greg Abel released his first shareholder letter as Berkshire Hathaway CEO following a 30% drop in fourth-quarter operating earnings to $10.2B.The conglomerate reported a $4.5B write-down on Kraft Heinz and Occidental Petroleum while Warren Buffett remains chairman after retiring from the CEO role.Greg Abel highlighted successful investments in Japanese firms and major stakes in Apple and Coca-Cola while managing a record $373.3B cash reserve.