Buffett Refused A Raise For Decades, His Successor Earns 250x More To Lead Berkshire Hathaway

Core Insights - Warren Buffett will step down as CEO of Berkshire Hathaway Inc at the end of 2025, marking the end of his multi-decade leadership [1] - The new CEO, Greg Abel, will receive a significantly higher compensation than Buffett, with a base salary of $25 million compared to Buffett's $100,000 [2][3] Compensation Structure - Greg Abel's compensation as CEO will be 250 times greater than that of Buffett, who maintained a low salary for decades [3][7] - Unlike many companies, Berkshire Hathaway does not offer stock options or stock compensation, focusing solely on salary and other costs [4] CEO Ownership - Greg Abel owns 228 Class A shares and 2,363 Class B shares of Berkshire Hathaway, while Buffett owned 206,359 Class A shares and 951 Class B shares as of March 5, 2025 [5] Historical Context - Warren Buffett has been at the helm of Berkshire Hathaway since 1965 and is currently the 10th richest person globally, with a net worth of $150 billion [6]