Post #6782 by nola622 on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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I haven't read the details of how he happened to sell the BC "business" to BH for $4.2m and then buy it back again for $1.7m

He sold the Biglari Capital business (the GP of the Lion Fund 1 & 2 hedge funds) to Biglari Holdings for $1. It was later sold back to him.

The compensation package is very large and will even pay incentive compensation for what I would consider mediocrity (a 7% return on equity each year would trigger some bonus payment since it exceeds the 6% hurdle). And since the 6% hurdle doesn't compound above the high water mark annually, eventually it will be surpassed even with savings account interest.

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