Greg Abel says he does not see Berkshire breaking up or divesting subsidiaries

Summary

Greg Abel, CEO of Berkshire Hathaway, defends the conglomerate structure during the 2026 annual meeting, stating it is efficient without bureaucratic layers and allows tax-efficient capital allocation. He explicitly says there are no plans to break up or divest subsidiaries, and mentions US Treasuries as a default capital parking when no better opportunities exist.

• Greg Abel emphasizes Berkshire's efficient conglomerate structure with no layers of management.
• He states Berkshire will not break up or divest subsidiaries.
• Capital can be moved across businesses in a tax-efficient manner, using BNSF as an example.
• When no equity or operating opportunities arise, US Treasuries serve as a default capital allocation.
• Abel highlights the absence of corporate bureaucracy and committees.