You’ll be plenty wealthy.
Warren Buffett, the second-richest man in the U.S., has a message for the person who eventually replaces him as chief executive officer of Berkshire Hathaway: You’ll be plenty wealthy, so don’t complain about pay.
Bloomberg News reports that Buffett, 84, stuck with a $100,000 salary in 2014, as he has for decades, his company said in a regulatory filing Friday. On February 28, in his annual letter, he said the next CEO needs to avoid being greedy.
'He can’t help but earn money far in excess of any possible need for it', wrote Buffett, who is also chairman. 'But it’s important that neither ego nor avarice motivate him to reach for pay matching his most lavishly compensated peers, even if his achievements far exceed theirs'.
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