Greg Abel discusses inflation risks and CEO succession at Apple and Coca-Cola
Updated
Updated · The Wall Street Journal · May 1
Greg Abel discusses inflation risks and CEO succession at Apple and Coca-Cola
7 articles · Updated · The Wall Street Journal · May 1
Ahead of Berkshire Hathaway's shareholder meeting on Saturday, Abel told CNBC inflation at 8-9% would become "very scary" if it persisted and compounded.
He said Berkshire would meet incoming leaders at Apple and Coca-Cola next week, expressing confidence in both companies' boards, business quality and succession planning.
Abel, who became Berkshire chief executive in January after Warren Buffett, also joked that outgoing Coca-Cola CEO James Quincey is younger than him and has more years left.
Are AI-driven CEO successions at major companies like Coca-Cola a sign of deeper, permanent shifts in corporate leadership requirements?
With core inflation still above 3%, how might Berkshire’s massive cash reserves be deployed if energy prices continue to climb?
Could Berkshire Hathaway’s cautious stance on AI and tech investments put its future growth at risk amid accelerating industry transformations?