Michael O’Sullivan buys Berkshire Hathaway Class B shares
Updated
Updated · Barron's · May 7
Michael O’Sullivan buys Berkshire Hathaway Class B shares
4 articles · Updated · Barron's · May 7
Berkshire’s new general counsel bought 536 shares on Wednesday at about $468 each, lifting his holding to 663 shares worth roughly $300,000, an SEC filing showed.
It was his first insider purchase since taking the newly created role on Jan. 1 after joining from Snap; Berkshire had previously relied mainly on outside lawyers.
The purchase follows CEO Greg Abel’s roughly $15 million March buy and comes as Berkshire’s Class B stock has fallen about 6.5% this year, lagging the S&P 500.
With Berkshire's stock undervalued, why hasn't billionaire CEO Greg Abel made a larger personal investment to signal confidence?
Can Berkshire's new leaders justify hoarding $397 billion in cash while shunning the AI boom and underperforming the market?