Berkshire Hathaway Inc. investors should withhold votes for four board members because of ineffective oversight on compensation, proxy-advisory firm Institutional Shareholder Services said.
Executive pay at Berkshire “lacks a measurable link to company performance,” ISS said in a report dated April 16. Two vice chairman at Berkshire, Gregory Abel and Ajit Jain, each receive base salaries of $16 million -- among the highest of any executive at a U.S. company, according to the report.
