- Joined
- Jul 24, 2008
- Messages
- 33,627
- Points
- 0
Money
Home > Breaking News > Money > Story
Mar 12, 2010
Buffett gets 6% pay rise
<!-- by line --><!-- end by line -->
<!-- end left side bar -->
Mr Buffett also received US$75,000 in fees for serving as a director of Washington Post Co, a large Berkshire investment. -- PHOTO: AP
<!-- story content : start -->
NEW YORK - WARREN Buffett was awarded total compensation of about US$519,490 (S$726,000) in 2009 to run Berkshire Hathaway Inc, a 6 per cent increase mainly reflecting the higher cost of keeping the world's third-richest person safe.
According to Berkshire's proxy filing with the US Securities and Exchange Commission, Mr Buffett's salary was US$100,000, as it has been for more than a quarter century.
Mr Buffett also received US$75,000 in fees for serving as a director of Washington Post Co, a large Berkshire investment.
Compensation also included US$344,490 of personal and home security services, up 9 per cent from US$315,709 a year earlier.
Among Berkshire's top executives, Chief Financial Officer Marc Hamburg remained the best paid in 2009. His compensation rose 11 per cent to US$874,750, almost all of which was salary.
Berkshire employs roughly 257,000 people, but only 21 at its Omaha headquarters. It is possible that senior employees at some of Berkshire's roughly 80 operating businesses may be paid more, but their compensation is not disclosed in the proxy. -- REUTERS
Home > Breaking News > Money > Story
Mar 12, 2010
Buffett gets 6% pay rise
<!-- by line --><!-- end by line -->
<!-- end left side bar -->
<!-- story content : start -->
NEW YORK - WARREN Buffett was awarded total compensation of about US$519,490 (S$726,000) in 2009 to run Berkshire Hathaway Inc, a 6 per cent increase mainly reflecting the higher cost of keeping the world's third-richest person safe.
According to Berkshire's proxy filing with the US Securities and Exchange Commission, Mr Buffett's salary was US$100,000, as it has been for more than a quarter century.
Mr Buffett also received US$75,000 in fees for serving as a director of Washington Post Co, a large Berkshire investment.
Compensation also included US$344,490 of personal and home security services, up 9 per cent from US$315,709 a year earlier.
Among Berkshire's top executives, Chief Financial Officer Marc Hamburg remained the best paid in 2009. His compensation rose 11 per cent to US$874,750, almost all of which was salary.
Berkshire employs roughly 257,000 people, but only 21 at its Omaha headquarters. It is possible that senior employees at some of Berkshire's roughly 80 operating businesses may be paid more, but their compensation is not disclosed in the proxy. -- REUTERS
