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Warren Buffett Executive Compensation Plan

Hello and thank you in advance for any help you might be able to provide. As a privately held business owner, I am very intrigued by Warren's view and ability to buy a private business while still enabling the management team to retain its entrepreneurial drive. Would anyone have any suggestion as to where I could find a sort of template or overview of how these performance based compensation plans are structured? Thank you

Answers

Manuel Martinez
Title: President
Company: 123 UP AND ADAM INC
(President, 123 UP AND ADAM INC) |

Try going to his Linkedin page or to his company and ask. Also, try Documentation wiki.

EMERSON GALFO
Title: CFO
Company: C-Suite Services
LinkedIn Profile
(CFO, C-Suite Services) |

The last (that I know of) well known issue is Coca Cola, try researching what the Coke board did. I know it is out there as it was well publicized and I have read a few articles with details.

Chris Shumate
Title: Accounting Manager
Company: Dominion Development Group, LLC
LinkedIn Profile
(Accounting Manager, Dominion Development Group, LLC) |

I haven't read any of the book he's authored or others have authored about him, but I'd start at Amazon and see what you can read to get in his head. I'd also find interviews posted on YouTube as well as credible news websites, such as Fox Business, CNN Business, etc.

Anonymous
(Associate) |

I can give a few firsthand insights, but from a lower management view. At the Berkshire company for which I worked, salary ranges were the norm for non-sales employees. From what I saw, human resources was trying to figure out what Berkshire wanted because there were unfair salary practices that could have been fixed easily. They instituted the ranges and put a freeze on salaries, leaving some employees that were already there at a salary level below the entry level salary. It was a "letter of the law" interpretation over the intent of the "law".

Also, although not salary related, Berkshire sent their auditing teams to make suggestions, even if the management team was left in place when Berkshire bought the company. In my department, the outside auditors wanted to reduce the number of employees. Management had to make a case to keep them.

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