Buf­fett's com­pen­sa­tion edges up; Berk­shire gets cli­mate pro­posal

The Pak Banker - - COMPANIES/BOSS -

War­ren Buf­fett's com­pen­sa­tion for run­ning Berk­shire Hath­away Inc (BRKa.N) edged up 1 per­cent last year to $470,244, re­flect­ing an in­crease in the cost of keep­ing the bil­lion­aire safe.

Buf­fett's salary re­mained at $100,000, the same amount he has re­ceived for more than a quar­ter cen­tury, Berk­shire said in a Fri­day reg­u­la­tory fil­ing.

The cost of pro­vid­ing home and per­sonal se­cu­rity ser­vices for Buf­fett rose to $370,244 from $364,011 a year ear­lier. Buf­fett also re­im­bursed $50,000 to Berk­shire for per­sonal costs.

Buf­fett of­ten es­chews trap­pings com­monly as­so­ci­ated with bil­lion­aires, and lives in a 10-room home on less than three-quar­ters of an acre in Omaha.

But he still con­trols nearly 19 per­cent of Berk­shire's stock, and 33 per­cent of its vot­ing power, ac­cord­ing to the reg­u­la­tory fil­ing.

Buf­fett is worth $66.2 bil­lion, Forbes mag­a­zine said on Fri­day.

Vice Chair­man Char­lie Munger, who is also a bil­lion­aire, drew a $100,000 salary last year, Fri­day's fil­ing showed.

Chief Fi­nan­cial Of­fi­cer Marc Ham­burg was the high­est paid em­ployee listed, with com­pen­sa­tion of $1.36 mil­lion in 2015.

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