Berkshire Hathaway Stock News

Greg Abel became CEO of Berkshire Hathaway on Jan. 1, taking over for legendary investor Warren Buffett. Effective on that date, Abel's annual cash salary rose to $25 million.

Buffett, 95, stepped down from Berkshire at the end of December after more than 60 years at Berkshire.

Greg Abel will be paid $25 million annually, a substantial increase from the pay of his predecessor Warren Buffett, who took an annual salary of $100,000 for more than 40 years.

If any investor has stood the test of time, it is Warren Buffett, and with good reason.

Warren Buffett stepped down from his role as Berkshire Hathaway CEO on December 31. The stock declined in price slightly that day, indicating that investors had some concerns about incoming CEO Greg Abel's ability to fill Buffett's shoes. Berkshire is run by managers hired and mentored by Buffett. The company continues owning many long term investments that were picked by Buffett.

Our conversation began with the realization that one of the most extraordinary careers in investing history is formally entering its final chapter.

After riding challenges in the auto lending market, Ally Financial could continue its share price recovery. Low oil prices impacted Chevron's performance last year, but several positives could help counteract this ongoing negative trend.

Warren Buffett officially retired as the CEO of Berkshire Hathaway at the start of this year.