One of the richest people in the world is Warren Buffet. He makes $100,000 a year, but hasn't seen a pay rise in over 40 years.
The CEO and chairman of the company decides how much he should be paid and how much the rest of the executives should be paid. The 92-year-old has received $100,000 a year since 1980.
The man doesn't make much from other sources. He made double his annual directors' fees in the 1990s and early 2000s before stepping down from other corporate boards.
The highest annual compensation he's ever received was $525,000 in 2010, consisting of his $100,000 salary, $75,000 in directors' fees, and $350,000 for his security.
The company spends more on personal and home security than it does on him. The company has spent about $5 million on keeping the boss safe.
He isn't in need of a lot of money. He lives in a modest family home, drives a basic car, and eats breakfast at Mcdonald's because he doesn't spend a lot.
The investor doesn't own a car, he doesn't belong to any clubs that pay his dues, and he doesn't own a plane.
At the annual shareholder meeting, he was asked how much his successor would be paid. He hoped that the next CEO wouldn't be motivated to make a lot of money because they wouldn't have enough money to live on.
He said it would be "terrifying" if that was the case, as they might want to set an example by engaging for something far lower than their true market value is.
According to JP Morgan, traders continue to flee high-flyers and pile into cheaper names, so it's a good time to buy 50 beaten down stocks.
CEO's should be rewarded for delivering long-term success for their companies, according to billionaire investor Warren Buffet. Huge annual salaries, bonuses, and short-term stock options encourages short-term thinking according to him.
Charlie Munger has followed in the footsteps of his boss, Warren Buffet. He has an annual salary of $100,000 for decades.
The heads of the insurance and non-insurance divisions are paid a lot more than the others. Each of the past three years, the men have earned at least $3 million in bonuses. Abel will be the next CEO of the company.
The finance chief's salary has grown from $300,000 in 1996 to $3.3 million in 2020.
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