date:Apr 24, 2014
deal for shareholders that would transfer roughly $13 billion to management over the next four years. He urged Buffett to vote against the plan.
Buffett has long been a critic of excessive executive compensation. Berkshire Hathaway does not award stock options to Buffett or any other executive, and Buffett himself receives a salary of $100,000.
Too often, executive compensation in the U.S. is ridiculously out of line with performance, Buffett wrote in his letter to shareholders in 2005. That