Robert P Miles

• No Berkshire stock options have ever been granted to Mr. Buffett or any of the Berkshire managers.
• Warren Buffett receives the lowest salary ($100,000) of all the S&P 500 company CEOs.
• All the Buffett CEOs have salaries greater than their boss.
• No meetings or budgets are scheduled or required.
• Each manager is expected to continue to manage their business just as if they had always managed it. Only need to check with Warren for major capital expenditures and submit a monthly balance and income statement.
• Even though Berkshire's NetJets manages over 500 corporate jets and is considered to be the 6th largest airline, Berkshire does not own a corporate jet and does not provide one for its managers or its board of directors. Many managers and each board member (except one) owns and pays for their own NetJets share.
• Warren Buffett personally pays for his and his family's use of a NetJet share.
• Berkshire has more CEOs than any other enterprise and has never lost a CEO to a competing business.
• The average Buffett CEO is worth $100 million, is encouraged and often chooses to work past the traditional retirement age of 65. There is no mandated or scheduled retirement at Berkshire family of companies. Mrs. B set the new retirement age of 104.
• The average CEO of a publicly traded company has 6 years on the job experience compared to the average Berkshire CEO has a tenure of 23 years and counting.
• Berkshire is the largest employer in the state of Georgia, even larger than its most famous resident, Cola-Cola.

 Robert P Miles

HIGH RESOLUTION PHOTOS