Bershire CFO Gets More Compensation Than Buffett

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First Posted: 03-17-08 10:23 AM   |   Updated: 03-28-08 05:12 AM

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Berkshire

At Berkshire Hathaway Inc., the chief financial officer again brought home more compensation last year than the two billionaires who run the company.

Berkshire's Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger have both kept their salaries at $100,000 again in 2007, according to documents filed with the Securities and Exchange Commission Monday.

Berkshire CFO Marc Hamburg was the corporation's highest-paid employee. Hamburg received compensation worth made $723,750 in 2007, which included $11,250 contribution to a defined contribution plan. That is up from the $673,500 compensation he received in 2006.

Buffett's and Munger's salaries haven't changed for more than 25 years, but neither man is struggling.

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At Berkshire Hathaway Inc., the chief financial officer again brought home more compensation last year than the two billionaires who run the company. Berkshire's Chairman and CEO Warren Buffett and V...
At Berkshire Hathaway Inc., the chief financial officer again brought home more compensation last year than the two billionaires who run the company. Berkshire's Chairman and CEO Warren Buffett and V...
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- pheepher I'm a Fan of pheepher permalink

Do we have to wonder what is wrong with this economy?

    Favorite    Flag as abusive Posted 03:24 PM on 03/17/2008
- Podewumun I'm a Fan of Podewumun 32 fans permalink

Why isn't Warren Buffet head of the Fed? He's probably TOO honest for the Cheney/Bush crew?

    Favorite    Flag as abusive Posted 11:57 AM on 03/17/2008
- Sumocat I'm a Fan of Sumocat 34 fans permalink

So the combined salaries of Berkshire's CEO, CFO, and vice chairman is less than $1M? I'm impressed.

    Favorite    Flag as abusive Posted 10:59 AM on 03/17/2008
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