The new CFO’s cash comp is nearly twice Marc Hamburg’s salary last year, and from the meeting we know that Berkshire had to also hire a general counsel to replace Marc’s role. So the NetJets retirement benefit is really the least shareholders can do for him!
I have to question why Whitney Tilson is given space for his estimation of value. He's forever way high. If Buffett himself gives you a number as he has here then that's pretty much what you need to know. If you're looking for a Berkshire bull, stick with Chris Bloomstran who writes an annual novel in service to his computations. Otherwise, solid reporting. Thank you.
Buffett didn’t give a number. Re-read the prior paragraph. In any case, since BRK has recommenced share repurchases one would expect the share price to be at least 7% undervalued relative to a conservative valuation.
The new CFO’s cash comp is nearly twice Marc Hamburg’s salary last year, and from the meeting we know that Berkshire had to also hire a general counsel to replace Marc’s role. So the NetJets retirement benefit is really the least shareholders can do for him!
Marc definitely deserves it. I kinda like the idea of a post-retirement perk for pivotal employees like him.
I have to question why Whitney Tilson is given space for his estimation of value. He's forever way high. If Buffett himself gives you a number as he has here then that's pretty much what you need to know. If you're looking for a Berkshire bull, stick with Chris Bloomstran who writes an annual novel in service to his computations. Otherwise, solid reporting. Thank you.
Buffett didn’t give a number. Re-read the prior paragraph. In any case, since BRK has recommenced share repurchases one would expect the share price to be at least 7% undervalued relative to a conservative valuation.