Warren Buffett, chairman and chief executive officer of Berkshire Hathaway, said his eventual successor would probably be paid more than the $100,000 he is to run the company.
“I’ve written a memo to the board in terms of how they should design a pay package,” Buffett told Bloomberg Television’s Betty Liu yesterday in Omaha, Nebraska. “It isn’t $100,000 a year.” He said the board would decide the next CEO’s salary.