date:Mar 13, 2014
company, and Buffetts firm provided an additional $8 billion for a preferred stake with a 9 percent annual interest payment. The arrangement, in which Berkshire provides financing and a partner oversees operations, could be a template for future deals, the billionaire wrote in the letter.
Buffett opted to receive no compensation for serving on the ketchup makers board, the filing shows. Alexandre Behring got $443,000 for his role as chairman, while other directors including Lemann, 74, got $221