Buffett’s Berkshire says Abel, Jain each make $18 million

Berkshire Hathaway shareholders stroll by a video clip clip show display at the firm’s annually meeting in Omaha Might most likely four, 2013. REUTERS/Rick Wilking/File Photograph

(Reuters) – Berkshire Hathaway Inc on Friday claimed its most the latest vice chairmen, Greg Abel and Ajit Jain, experienced been each and every single awarded about $eighteen million previous calendar 12 months, in the very first complete appear at the spend back again of the males regarded as the foremost candidates to do nicely Warren Buffett as the conglomerate’s most important govt.

Abel, 56, and Jain, 67, who turned vice chairmen in January 2018, similarly obtained $16 million in wage additionally $two million in reward, in accordance to a submitting with the U.S. Securities and Trade Cost. The reward was awarded at Buffett’s discretion, in accordance to the submitting.

Reporting by Jonathan Stempel in New York Boosting by Chris Reese

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