Greg Abel, who took over as CEO of Berkshire Hathaway in January 2023, leads his first annual meeting on Saturday in Omaha, Nebraska. Shareholders are eager to hear how Abel plans to revitalize the conglomerate's stock, which has underperformed compared to the Standard & Poor's 500 by 39 percentage points since Warren Buffett announced his retirement. Abel, 63, faces the challenge of transitioning Berkshire's investment strategies to align with current market trends, particularly in technology and artificial intelligence. The company ended 2022 with a substantial $373 billion cash reserve, raising questions about future investments. The meeting will feature a new format, with Abel discussing company strategies for an hour followed by a 2.5-hour Q&A session involving other executives. Shareholders will also vote on proposals regarding executive compensation and the publication of an employee oversight report. Despite concerns over stock performance, many attendees expressed confidence in Abel's leadership, noting Buffett's trust in his successor.