Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Aj...
- Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18 million last year, in the first detailed look at the pay of the men considered the leading candidates to succeed Warren Buffett as the conglomerate’s chief executive.
The payouts show Buffett’s willingness to pay Berkshire’s younger leaders in a manner similar to that at other publicly-traded companies, though Berkshire does not grant stock options. Jain, meanwhile, has long been Berkshire’s top insurance executive, and oversees its businesses in that sector, including auto insurer Geico and reinsurer General Re.Jain also controls about $123 million of Berkshire stock, including shares owned by his wife and a private charity, while Abel oversees about $2 million, according to Friday’s filing.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Making Sense Of Cheniere's $18 Billion LNG Deal With ChinaDespite the tumult of U.S. - Sino relations, Houston-based LNG exporter Cheniere is expected to ink a 20-year deal with China's Sinopec worth upwards of $18 billion.
Read more »
2019 March Madness Bracket Contest Prize: $1 Million A Year For Life From Warren BuffettFamed investor Warren Buffett is offering his nearly 400,000 employees at Berkshire Hathaway companies a chance to win $1 million a year for life. The catch: You need to pick the correct Sweet 16 in the men’s NCAA basketball tournament.
Read more »
Federal Reserve Chairman Jerome Powell says Trump can't fire him despite months of attacksFederal Reserve Chairman Jerome Powell told CBS' '60 Minutes' that President Donald Trump cannot fire him according to the law.
Read more »
Federal Reserve chairman Jerome Powell says Donald Trump can't fire himThe Trump administration has often criticized the Federal Reserve.
Read more »
Facebook’s Chris Cox Leaves After Privacy Pivot, He's Made Millions In Facebook StockFacebook Chief Product Officer Chris Cox, the product visionary who worked alongside company founder Mark Zuckerberg for more than a decade building some of the company's most important products, including early versions of News Feed, is leaving the company.
Read more »
Top gamer 'Ninja' made $1 million to promote EA's 'Apex Legends' launch: sourceWhat are a few hours playing videogames and a handful of tweets worth? $1 millio...
Read more »
Judiciary chairman says Whitaker did not deny talking with Trump about Cohen's caseFormer acting Attorney General Matt Whitaker did not deny talking with President Donald Trump about Michael Cohen's case, the President's former personal attorney, House Judiciary Chairman Jerry Nadler told reporters Wednesday.
Read more »
Ninja made $1 million to promote EA's 'Apex Legends' during the game's launchWhat are a few hours playing videogames and a handful of tweets worth? $1 million if you are Tyler Blevins, known to millions as 'Ninja,' the world's most-followed computer gamer.
Read more »
Top gamer 'Ninja' made $1 million to promote EA's 'Apex Legends' launch: sourceComputer gamer ‘Ninja’ – also known as Tyler Blevens – walked away with $1 million after streaming himself playing EA’s ‘Apex Legends’
Read more »