Subject: Re: Buybacks
"The Consultation Requirement: The board-approved policy mandates that the CEO (now Abel) must consult with the Chairman (Buffett) to determine that the repurchase price is below Berkshire's "intrinsic value" before acting."

I have a feeling that Greg is being super respectful, and though he is now CEO and "in charge" he is leaving the decision on buybacks to Warren. And we know how restrained our Chairman has been :)