Mindware cover image

The Essays of Warren Buffet

Mindware

CHAPTER

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.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner