Buffett to give away Berkshire shares over 8 years as Abel shifts from cautious investing

Warren Buffett plans to donate his Berkshire Hathaway shares to charitable foundations over the next eight years. New CEO Greg Abel, who took over at the start of this year, has moved away from the cautious investing model Buffett favoured — cash reserves have been reduced and a major stock-buying programme has begun. One of the named foundations has been blacklisted.