Sunday, March 14, 2010

Which of the billionaires get the lowest salaries

As you know, modesty is decorated, and prosperity - is tempting. Can we be humble and rich at the same time? Undoubtedly. An excellent example of a combination of these characteristics is the world's most respected investor, "Oracle of Omaha" Warren Buffett. In 2009 the billionaire who heads Berkshire Hathaway Inc., Received in the company's salary of only 100 thousand dollars.



Such Buffett gets a salary for 29 years in a row, quoted by the Interfax agency Bloomberg, In addition, according to a company, the billionaire, whose fortune Forbes magazine estimated at 47 billion dollars has been received in 2009, bonuses, stock options or other fees.
Moreover, last year investor returns Berkshire 50 thousand dollars to reimburse the money spent by him on postage stamps, telephone calls, as well as cover the working time spent by employees on their personal needs.
Berkshire Vice Chairman Charles Munger also receives 100 thousand dollars, he estimated its costs only 5,5 thousand dollars. Neither Buffett nor Mr. Munger do not use the company car and do not belong to clubs, sponsirumym Berkshire.
But the security of the world famous investor is expensive. In 2009, Berkshire has spent for this purpose an amount many times greater than the salary Warren Buffett - 344.49 thousand dollars, which is 9,1% more than a year earlier.
"The heads of many other companies get larger payments for a much more modest results, - said Tom Russo of Gardner Russo & Gardner. - Buffett could appoint himself a salary of a billion dollars a year, but this would have been no Buffett."
dollarUorren Buffett is the CEO and Chairman of the Board of Directors of Berkshire, as well as its largest shareholder. In the past five years, wages in the company of the Remuneration Committee determines, before salary recommendations to the Board of Directors gave himself a billionaire.
In the past year, shares of Berkshire Class "A" went up by 2,7% - to 99,2 dollars this year, their value soared by 24%. The share capital of Berkshire rose in 2009 to 20% - to 131,1 billion dollars, net profit increased by 61% - to 8,06 billion dollars.
Last month, Warren Buffett completed the purchase of the railway company Burlington Northern Santa Fe Corp. for 27 billion dollars. This transaction was the largest in the history of Berkshire.

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