- Mark Donegan eligible for $51.8 million from stock options
- Berkshire Hathaway agreed to buy Precision in August
Precision Castparts Corp. Chief Executive Officer Mark Donegan could receive $75.1 million if the sale of his company to Warren Buffett’s Berkshire Hathaway Inc. is completed.
Donegan could receive $51.8 million in cash for his stock options if he remains with the company after the deal is complete, according to a filing Friday from Portland, Oregon-based Precision. He’d also get $23.3 million in deferred compensation, the filing shows.
Buffett’s Berkshire Hathaway plans to complete the more than $30 billion acquisition of the maker of equipment for aerospace and energy industries in the first quarter of 2016.