Warren Buffett's successor says he'll spend his entire yearly salary on Berkshire Hathaway stock

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

Nati Harnik/AP, FileBrendan McDermid/REUTERS

• Greg Abel says he'll spend his entire salary each year on Berkshire Hathaway shares.
• Abel succeeded Warren Buffett as Berkshire's CEO at the start of this year.
• He told CNBC that his take-home pay of around $15 million will go toward Berkshire stock purchases.

Greg Abel, who succeeded Warren Buffett as Berkshire Hathaway's CEO at the start of this year, has...