Berkshire disclosed executive pay and the recommendations on shareholder proposals in its annual proxy filing on Friday, ahead of the Omaha, Nebraska-based conglomerate's May 4 annual meeting. That sum included a $16 million salary and $3 million bonus. The 61-year-old vice chairman oversees Berkshire's non-insurance operations such as BNSF, Berkshire Hathaway Energy and dozens of chemical, industrial and retail operations. Vice Chairman Ajit Jain, who oversees insurance operations such as Geico, also received $20 million, up from $19 million. The BNSF proposal by the AFL-CIO Equity Index Funds urges independent Berkshire directors to form a railroad safety committee to monitor financial risks.

Source: Forbes March 15, 2024 21:42 UTC