Buffett Retains $100,000 Salary After Faulting Pay Excesses
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Warren Buffett, the billionaire chief executive officer of Berkshire Hathaway Inc., was paid a $100,000 salary for a 30th straight year after warning that excessive executive compensation can hurt shareholders.
Buffett, 80, received no bonus in 2010 and he doesn’t get stock options or grants, the Omaha, Nebraska-based firm said today in a filing. Buffett’s personal and home-security services paid for by Berkshire cost $349,946. The company’s compensation committee has determined salaries since 2004. Buffett, Berkshire’s chairman and largest shareholder, formerly recommended his own salary to the board.