FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett
Institutional Shareholder Services noted that Vice Chairmen Greg Abel and Ajit Jain were each awarded $16 million in salary and $3 million in bonuses in 2020, the same as in 2019, and said it was "unclear" whether any of their pay was tied to Berkshire's performance. Berkshire does not grant stock options. It did not immediately respond on Tuesday to a request for comment on ISS's April 16 report.
Abel oversees non-insurance units and Jain oversees insurance units at Omaha, Nebraska-based Berkshire, whose dozens of businesses include the Geico car insurer and BNSF railroad.Berkshire has recommended that shareholders reelect all 14 directors at its May 1 annual meeting, and reject shareholder proposals for greater disclosures about its efforts to address climate change and promote diversity and inclusion.
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