Warren Buffett's compensation rises to US $ 485,606
Warren Buffett's compensation from Berkshire Hathaway Inc rose 15 per cent last year to US $ 485,606, although the billionaire's salary remained US $ 100,000. The increase came in "other compensation," which includes company-paid costs for Buffett's personal and home security. As usual, Buffett reimbursed Berkshire US $ 50,000 for personal costs such as postage and phone calls. Buffett, 83, is the Omaha, Nebraska, company's chairman and chief executive.
Warren Buffett's compensation from Berkshire Hathaway Inc rose 15 per cent last year to US $ 485,606, although the billionaire's salary remained US $ 100,000. The increase came in "other compensation," which includes company-paid costs for Buffett's personal and home security. As usual, Buffett reimbursed Berkshire US $ 50,000 for personal costs such as postage and phone calls. Buffett, 83, is the Omaha, Nebraska, company's chairman and chief executive.
Read the Economic Times news report here.
