
1996-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The Fair Way to Compensation Your Managers
The two of us would say the fair way to do that would be to have an option, not less than present intrinsic value. And then we would have it step up yearly, based on something relating to a cost to capital. We could work out a fair stock option. That would be perfectly appropriate. It wouldn't make sense for the rest of our managers,. Because they work on specific units. and you should have compensation arrangements that apply to those units.
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