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Berkshire CEO Abel Puts Cash to Work
Berkshire Hathaway CEO Greg Abel has accelerated the company's capital deployment strategy, with share buybacks reaching $4.5 billion in the second quarter, marking a significant increase from prior periods. This move demonstrates a shift toward returning capital to shareholders rather than holding excess cash. The uptick in buyback activity suggests management's confidence in the company's valuation and its ability to generate shareholder value.
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