Subject: Re: Post Buffet....
"Perhaps 1 percent of stockholders equity annually is more realistic in total?"
Or around $48 billion in current equity? If that happens, I think the Berkshire culture will be drastically different and perhaps, it would be time to bail from the company.
Missing a digit? I see shareholder's equity of ~$464 billion end of September. I would definitely be OUT if managers were getting $4-5 billion annually. Seems a rather absurd suggestion.
They should get fair compensation for their positions, that ain't fair.