March 10, 2008

While we're on the subject…

I just want to share a few numbers of note that I found while researching yesterday's post:

Warren Buffet, CEO of Berkshire Hathaway, draws a base salary of $100,000 a year, plus additional compensation of $114,250, for a total compensation package of $214,250 annually. That's less than two-tenths of one percent of the $120 million compensation received by Angelo Mozilo, CEO of Countrywide Financial, in 2007.

Yet Buffett is the one who is now, according to Forbes, the richest man in the world, with a net worth of $62 billion.

Here's another comparison: Berkshire Hathaway's stock value is up more than 22 percent from this time last year. Countrywide Financial is down almost 86 percent.

Yeah. There's a reason Buffett's called the Oracle.

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