Pay Raise Watch ’14: Warren Buffett, Bill Gates

Warren Buffett’s Berkshire Hathaway Inc has urged shareholders to vote against a proposal that it consider spending some of its $48.2 billion of cash on a “meaningful” dividend. According to a Berkshire proxy filing on Friday, David Witt, a Cincinnati resident who owns nearly $8,600 of Berkshire stock, will propose the payout at the company’s May 3 annual meeting. Berkshire has not paid a cash dividend since 1967…Berkshire also disclosed that Buffett’s compensation rose 15 percent last year to $485,606. That includes his usual $100,000 salary, plus $385,606 for personal and home security. The company also said it paid most directors an extra $300 last year. That meant Bill Gates, the Microsoft Corp co-founder and world’s richest person, was awarded $2,100 last year for his work as a Berkshire director. [Reuters]

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8 Responses to “Pay Raise Watch ’14: Warren Buffett, Bill Gates”

  1. Guest says:

    While they're in the realm of impossibilities, they should ask for a stock split too.

  2. Battered Guest says:

    $8,600 in stock? Good call on raising hell for that dividend, Dave. If all goes as planned, you could have as much at 250 bucks coming your way – think of the possibilities!

  3. Jon Corzine says:

    Lol what a moron, $8,600 worth of stock and he is spending several hundred on a flight to Omaha. That dividend will surely cover half that trip.

  4. guest says:

    well if Bill can come for 300 extra bucks, why can't this guy

  5. NakedShort says:

    hey man that was a pretty cool comment.