Finance

Berkshire Investors Praise Greg Abel at Post-Buffett Meeting

Attendees enter the convention hall ahead of the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska on May 1.

Photographer: Dan Brouillette/Bloomberg

Greg Abel didn’t take long to address the elephant in the room.

In his first few minutes addressing Berkshire Hathaway Inc. shareholders on Saturday — the first annual meeting without Warren Buffett leading the festivities — Abel took investors back to one year earlier, when Buffett shocked the room and anointed him as its next chief executive officer.