Login or Register
Welcome , Settings |  Logout

Buffett Gives Berkshire CFO 6% Raise While His Salary Stays Same

Thursday, 14 Mar 2013 04:18 PM

 

Share:
More . . .
A    A   |
   Email Us   |
   Print   |

Warren Buffett's total compensation declined 14 percent last year to $423,923 as Berkshire Hathaway spent less on his security, but his salary remained unchanged at $100,000.

Buffett's salary for leading Berkshire as chairman and chief executive hasn't changed in more than 25 years. The $323,923 for security was the only other element of Buffett's 2012 compensation because the billionaire foregoes typical executive perks.

Buffett again paid Berkshire $50,000 to reimburse the Omaha-based company for any personal costs.

The proxy statement Berkshire mailed to shareholders this week also showed that Chief Financial Officer Marc Hamburg is paid significantly more than Buffett.

Hamburg's compensation grew 6 percent to just over $1 million from 2011's $974,750.

© Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
More . . .
   Email Us   |
   Print   |
Around the Web
Join the Newsmax community.
Register to share your comments with the community. Already a member? Login
Note: Comments from readers do not necessarily reflect the viewpoint of Newsmax Media. While we attempt to review comments, if you see an inappropriate comment you can block it by rolling over the comment, clicking the down arrow and selecting "Flag As Inappropriate."
blog comments powered by Disqus
 
Email:
Country
Zip Code:
 
You May Also Like
Around the Web
 
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved