(Bloomberg) — Berkshire Hathaway Inc.'s board will have a bigger responsibility weighing compensation for its next chief executive officer after Warren Buffett is no longer leading the company, said director Susan Decker.
Buffett, 84, and Berkshire Vice Chairman Charles Munger, 90, have requested their annual salaries be set at $100,000 for decades. Both are among the biggest shareholders in the Omaha, Nebraska-based company.
“The compensation questions for the board are really not too important today,” Decker said yesterday at an event at Stanford University in California. “They could be important in the future, because it's unlikely the next CEO at Berkshire is going to have the same arrangement that Warren and Charlie do.”
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