 "Warren Buffett does not like the idea of sharing company executives' salaries")
Warren Buffett on Saturday said he opposes requiring companies to start listing their top earners in proxy statements, rather than top executives, saying it can actually hurt investors by driving salaries higher.
Buffett was speaking at the annual meeting of Berkshire Hathaway Inc , responding to a shareholder question about why Berkshire does not report the pay of chief executives of some of its largest or better known units, including Geico or the BNSF railway.
Buffett’s own salary, $100,000, is reported in Berkshire’s proxy.
[caption id=“attachment_77518” align=“alignleft” width=“380”]  Do not lose focus on the larger picture, as that is what will give you the wealth. AFP[/caption]
Berkshire discloses compensation for only three top officers: Buffett, Vice Chairman Charlie Munger, and Chief Financial Officer Marc Hamburg.
“It is only human to look at a whole bunch of proxy statements and say, I’m worth a lot more than that guy,” Buffett said. “American shareholders are paying a significant price by getting a look at all those proxy statements and seeing how much the top five earners are getting … No CEO comes away looking at proxy statements and say, I should get paid a lot less.”
Buffett used as an example - Comcast Corp , the cable TV operator which also owns NBC Universal.
“Shareholders of Comcast would be hurt, actually, if you published the five highest salaries paid at the subsidiaries, “perhaps like the anchor of a nightly news program, he said. “(It) might have a negative effect on negotiating.
Impact Shorts
More ShortsOne thing that is almost certain: whoever succeeds Buffett, 83, as Berkshire’s chief executive will make much more than $100,000 a year.
“They’re certainly entitled to be paid a lot,” Buffett said. “I’m going to write about that very question next year in the annual report.”
Reuters
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
](https://images.firstpost.com/wp-content/uploads/2014/02/buffett.jpg){kind=link}