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.
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.