Prices at the Pumps - April 17, 2024 #saltwire #energymarkets #pricesatthepumps #gasprices - A leading shareholder advisory firm recommended on Thursday that Berkshire Hathaway shareholders withhold votes to reelect five directors at Warren Buffett's conglomerate, citing concerns about climate change and governance.
It said this reflected their"poor stewardship" over executive pay, with top executives' compensation not linked to Berkshire's profitability or stock price, and a share structure that gives Buffett outsized voting power. It has long defended its disclosures, and said requiring more was often inconsistent with its decentralized culture of letting businesses operate without interference from the top.
Buffett's annual salary is $100,000, but Forbes magazine estimates his fortune at more than $130 billion.
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