• 17 Mar 2014 at 9:30 AM

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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Comments (8)

  1. Posted by Guest | March 17, 2014 at 9:39 AM

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

  2. Posted by WTF__k | March 17, 2014 at 11:02 AM

    What the hell – while they're at THAT, they should ask to make it a reverse split.

  3. Posted by NakedShort | March 17, 2014 at 11:22 AM

    hey man that was a pretty cool comment.

    FOR ME TO POOP ON!

  4. Posted by Battered Guest | March 17, 2014 at 12:47 PM

    $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!

  5. Posted by Jon Corzine | March 17, 2014 at 1:14 PM

    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.

  6. Posted by Guest | March 17, 2014 at 1:29 PM

    *morone

  7. Posted by guest | March 18, 2014 at 5:06 AM

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

  8. Posted by العاب كوافير | March 20, 2014 at 8:59 PM

    nice poste