Tesla(US:TSLA) Benzinga·2025-11-12 10:05Core Insights - Warren Buffett, in his final annual letter as CEO of Berkshire Hathaway, criticized the escalating trend of CEO compensation, particularly in light of Elon Musk's revised pay package [1][2] - Buffett highlighted that the practice of disclosing CEO pay has backfired, leading to a competitive environment for higher compensation rather than fostering self-awareness [3] Group 1: CEO Compensation Trends - Buffett pointed out that CEOs are increasingly raising their own pay, driven by envy and greed, creating a cycle of pay hikes [2] - The compensation of Rivian Automotive's CEO, R.J. Scaringe, could reach up to $4.6 billion over the next decade, reflecting a broader trend in the industry [4] Group 2: Wealth Inequality Concerns - The widening wealth gap has sparked criticism, with figures like Senator Bernie Sanders noting that 60% of Americans live paycheck to paycheck while the wealthiest have gained significantly [5] - An Oxfam report indicated that the top 0.1% of Americans now own nearly 25% of U.S. stock market wealth, while the bottom 50% hold just 1% [5] Group 3: Musk's Defense and Criticism - Elon Musk defended his compensation package, arguing that it is tied to Tesla's future valuation, despite criticisms of its size [6] - Musk described Buffett's role as "super boring" but acknowledged the value Buffett brings to the investment community [7]