Buffett Raises Greg Abel's Pay to $20 Million Amid Record Operating Profit for Berkshire Hathaway
Friday, 15 March 2024, 21:40
Berkshire Hathaway's CEO Designate Pay Increase
Berkshire Hathaway, under Warren Buffett, elevated CEO-designate Greg Abel's annual pay to $20 million, marking a significant change in executive compensation. The move comes as the conglomerate announced a record operating profit, showcasing its financial strength and stability.
Shareholder Proposals Rejected
- The company dismissed six shareholder proposals, emphasizing the importance of continued operational efficiency and strategic decision-making.
- Proposals included calls for greater transparency on greenhouse gas reduction plans, diversity initiatives, and railroad safety.
Annual Proxy Filing Details
- Berkshire Hathaway disclosed executive pay details, illustrating its commitment to open communication and clarity.
- The filing provides insights into the conglomerate's financial strategies, decisions, and future outlook, offering valuable information for investors and stakeholders.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.