The Board of Directors of Berkshire Hathaway Holdings, Inc.

Warren Buffett: It's an advantage at Berkshire to keep our individual deals private. There would be no advantage to just publish it. So what we're saying, he makes all those decisions personally. He's got every formula in the book and he keeps them all private. That's our system. Well, we do... We publish what the directors are paying. We publish what we have to.