
The Essays of Warren Buffet
Mindware
The Unusual Compensation System of H.H. Brown
At Berkshire, only Charlie and I have the managerial responsibility for the entire business. We are the only parties who psychologically be compensated on the basis of what the enterprise does as a whole. The arrangement at Brown in any case has served both a company and its manager exceptionally well. Managers either to the heavily under abilities usually have plenty of ability to bet on. It's probably true that hard work can ever kill anyone, but actually you might take the chance. Understood ideal conditions, we don't expect shareholders to empty uploads a compensation for which we have no possible need. Indeed, if we were not paid at all, Charlie and I would be delighted with the Christian jobs we hold.