1996-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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How to Charge People for Capital
We generally will be charging people something in the area of 15%. In terms of working out compensation arrangements for capital. We think it's awful, frankly, the way businesses reward executives with absolutely no regard for the cost of capital. Our managers expect to be running their businesses for a long, long time.
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