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

Berkshire Hathaway shareholders wander by a on the web video clip screen at the firm’s once-a-year meeting in Omaha May well four, 2013. REUTERS/Rick Wilking/File Photograph

(Reuters) – Berkshire Hathaway Inc on Friday claimed its latest vice chairmen, Greg Abel and Ajit Jain, have been every single one awarded about $18 million pretty very last yr, in the to begin with unique glimpse at the expend of the males regarded as the best candidates to do very well Warren Buffett as the conglomerate’s main federal government.

Abel, 56, and Jain, sixty 7, who grew to come to be vice chairmen in January 2018, equally similarly obtained $sixteen million in wage as very well as $two million in reward, in accordance to a distributing with the U.S. Securities and Trade Charge. The reward was awarded at Buffett’s discretion, in accordance to the distributing.

Reporting by Jonathan Stempel in New York Enhancing by Chris Reese

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