Greg Abel hails Warren Buffett as a 'very hard act to follow' in his first letter as Berkshire Hathaway CEO

Greg Abel will make $25 million in cash in his new role.

Nati Harnik/AP, FileBrendan McDermid/REUTERS

• Greg Abel paid homage to Warren Buffett in his first shareholder letter as Berkshire Hathaway CEO.
• Abel pledged to abide by core Buffett values such as capital discipline and integrity.
• He celebrated Berkshire's Japanese bets, bemoaned its Kraft Heinz wager, and hailed Ted Weschler.

Greg Abel paid tribute to Warren Buffett and reassured Berkshire Hathaway...