Tags: US | Berkshire | Hathaway | Executive | Compensation

Buffett's Salary Unchanged, but Security Costs up

Wednesday, 10 March 2010 06:51 PM

Warren Buffett brought home less pay than Berkshire Hathaway's chief financial officer again last year, but the company is paying more to protect the billionaire these days.

The Omaha, Neb.-based company revealed in documents mailed to shareholders this week that Buffett's total compensation grew about 6 percent, to $519,490 last year. The increase is tied to the amount Berkshire spent on personal and home security, which rose to $344,490 in 2009.

Berkshire's chief financial officer, Marc Hamburg, saw his compensation grow 11 percent, to $874,750 in 2009, to remain the top earner at the company's 21-person headquarters.

But Hamburg's pay is almost certainly less than the executives at some of Berkshire's subsidiaries, such as Geico and BNSF railroad.

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On the Net:

Berkshire Hathaway Inc.: http://www.berkshirehathaway.com

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Warren Buffett brought home less pay than Berkshire Hathaway's chief financial officer again last year, but the company is paying more to protect the billionaire these days.The Omaha, Neb.-based company revealed in documents mailed to shareholders this week that Buffett's...
US,Berkshire,Hathaway,Executive,Compensation
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2010-51-10
Wednesday, 10 March 2010 06:51 PM
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