By 2018, Buffett promoted Abel to vice chairman of non-insurance operations. That’s a fancy title meaning he oversaw everything from BNSF Railway to Dairy Queen. Think of it as being the manager of a giant, messy garage sale where every item is worth billions. Abel thrived because he didn’t micromanage—he let people do their jobs while keeping an eye on the bottom line.
Here’s a fun comparison: if Buffett is the wise wizard from “The Lord of the Rings,” Abel is the steady, no-drama Aragorn who actually rebuilds the kingdom. He doesn’t want applause; he wants results. And results he delivered: Berkshire’s energy business grew into a $100 billion machine under his watch.
Who Is Greg Abel, the Executive Chosen as Warren Buffett’s Successor
Why Him and Not Ajit Jain?
You might ask: what about Ajit Jain, Berkshire’s insurance genius? Both were contenders, like two Marvel superheroes vying for the same cape. But here’s the twist: Buffett chose Abel because of his broad operational skill set. Ajit is a legend in insurance, but Abel knows everything—trains, utilities, real estate, even the ketchup at Heinz.
Think of it this way: if Berkshire were a band, Ajit would be the lead guitarist who nails every solo, while Abel is the drummer who keeps the whole song together. Buffett wanted a drummer who could also play the piano, guitar, and manage the tour bus. Abel is that guy.
