Warren Buffett is the fair boss in all United States of America, as the higher-ranking executive in Berkshire Hathaway Inc, he applied the same financial rule that the company uses to pay every, employee and investor to himself. That rule is so simple and so fair that is requiring all companies Berkshire Hathaway Inc umbrella to show the ratio of a chief executive officer’s pay to that of the median employee.
In simple word Warren Buffet annual compensation of $100,000 was just 1.87 times the median employee’s pay of $53,510, a figure calculated from a sample of about two-thirds of Berkshire’s total employees, according to a filing released Friday. He also gives back about $50,000 to the company “for minor items such as postage or phone calls that are personal,” meaning his take-home pay would be less than that median figure.
Buffett’s not struggling for money. He’s worth about $88.8 billion, making him the world’s third-richest person, according to the Bloomberg Billionaires Index. A chunk of that wealth comes from his stake in Berkshire itself, where he’s the largest holder of Class A shares, according to data compiled by Bloomberg. Billionaire executives at other firms including Leon Black at Apollo Global Management LLC have also reported favorable ratios.