No. of Recommendations: 13
I am not saying I would veto it if given the chance, Mr Abel seems like a good pick, but it's above S&P 500 median direct comp of around $17m, and the median CEO is overpaid, so I wouldn't call it "modest".
I am sure you realize that Abel's total comp is going to be $25 million in 2026 since Berkshire doesn't pay him any stock based comp unlike every other S&P 500 CEO. Secondly, Berkshire is not any other S&P 500 company, it's one of the top 10 by market capitalization and the largest in terms of PP&E investments.
Abel's comp is only "not modest" by the standards of Warren's comp when he was CEO. We shareholders should be thankful that we have such a competent CEO working for us for quite a reasonably modest comp.
