Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2012-Afternoon Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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Compensation at Berkshire Is a Negative Art

We have not had compensation problems over time If you think about it over 40 odd years, you know The times when compensation has been of importance. I'm practically no and we don't We'll just take that we talked about the the investment the compensation to investment people those people are making below hedge fund standards below private equity standards and Having a less favorable tax treatment. They'll still make a lot of money. It's so it's self-reinforcing And There's nothing like getting proof that what you're You know what you've designed works to To cause you desire to perpetuate it and to build upon it Charlie well, we don't have any standard formulas like they have in some big

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