Bill Ackman & Updates from Omaha 5/5/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 5 May 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

In a surprise announcement at the 2025 Berkshire Hathaway Shareholder Meeting, Warren Buffett announced that Greg Abel will become CEO at year-end. Becky Quick is in Omaha recapping the highlights of that meeting and the shareholder reception to that moment. Meanwhile, Bill Ackman’s Pershing Square will invest $900 million in Howard Hughes, in a move that’s part of what Ackman considers his long-held ambition of building a company like Berkshire Hathaway. Check out the rest of CNBC’s Berkshire Hathaway Annual Meeting coverage here. Bill Ackman - 23:04 In this episode: Bill Ackman, @BillAckman Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music, please.
0:04.3	This is Squawk Pod, and I'm CNBC producer Cameron Costa.
0:08.4	On today's episode, Greg should become the chief executive officer of the company at
0:15.0	year end.
0:16.1	Warren Buffett's big news at the Berkshire Hathaway annual meeting over the weekend.
0:20.7	The surprise to all of the directors save Buffett's two children.
0:24.6	Billy Idol, I think, would defer to Warren Buffett as the ultimate rock star.
0:29.6	Becky Quick is still in Omaha after covering that big weekend for CNBC.
0:34.6	I've been going to this meeting for about 20, 21 years at this point.
0:38.3	The crowd was bigger than I'd ever seen and the applause that broke out, a standing ovation.
0:44.3	And on the West Coast, Pershing Square's Bill Ackman joins Andrew Ross Sarkin in L.A.
0:51.3	I think it's more likely that we will build an insurance company.
0:54.6	In fact, we have a person that is a phenomenal executive in the industry that we're
0:59.2	just beginning a conversation with that's intrigued by what we're doing.
1:03.1	His $900 million deal for a bigger stake in Howard Hughes, plus what FedShare J. Powell might
1:10.0	say this week, and much more from
1:12.1	the outspoken Harvard alumnus and investor.
1:15.6	It's time for a change in leadership in the board at Harvard.
1:19.1	It's Monday, May 5th, Cinco de Mayo, Squawk Pod begins right now.
1:24.7	Stand Becky by in three, two, one.
1:27.4	Cure, please. Cure, please.
1:30.1	Good morning, everybody, and welcome to Squackbox right here on CNBC.
	...

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