Buffett's Berkshire says vice chairmen Jain, Abel each make $18 million [Reuters]
Berkshire Hathaway Inc. New (BRK.B)
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Source: Reuters
Buffett's Berkshire says vice chairmen Jain, Abel each make $18 million | Reuters 2 Min Read (Reuters) - Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18 million last year, in the first detailed look at the pay of the men considered the leading candidates to succeed Warren Buffett as the conglomerate’s chief executive. Abel, 56, and Jain, 67, who became vice chairmen in January 2018, both received $16 million in salary plus $2 million in bonus, according to a filing with the U.S. Securities and Exchange Commission. Buffett sets compensation for both. The payouts show the willingness of Buffett to pay Berkshire’s younger leaders in a manner similar to that at other publicly-traded companies. Buffett has for more than a quarter of a century taken a $100,000 salary at Berkshire, but his 16.5 percent ownership stake forms the bulk of his net worth, estimated at $84.4 billion, according to Forbes magazine. Abel oversees Be
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BRK.B
Earnings
- 2/26/24 - Beat
BRK.B
Sec Filings
- 4/22/24 - Form 424B5
- 4/18/24 - Form FWP
- 4/10/24 - Form PX14A6G
- BRK.B's page on the SEC website