The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Sun, 12 Apr 2026 11:30:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Warren Buffett’s Frustration Over CEO Pay Practices – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Warren Buffett’s Frustration Over CEO Pay Practices https://corpgov.law.harvard.edu/2007/03/05/warren-buffetts-frustration-over-ceo-pay-practices/?utm_source=rss&utm_medium=rss&utm_campaign=warren-buffetts-frustration-over-ceo-pay-practices https://corpgov.law.harvard.edu/2007/03/05/warren-buffetts-frustration-over-ceo-pay-practices/#comments Mon, 05 Mar 2007 23:07:01 +0000 http://blogs.law.harvard.edu/corpgov/2007/03/05/warren-buffetts-frustration-over-ceo-?d=20070305190701EST Editor’s Note: This post is by Broc Romanek of TheCorporateCounsel.net.

Always a fascinating read, here is Warren Buffett’s 23-page 2007 letter to shareholders.  Warren always has something to say about executive compensation practices, and this year’s letter is no exception.  On page 19, he notes that he has served as a director on 19 boards and he has been the “Typhoid Mary” of compensation committees:

“At only one company was I assigned to comp committee duty, and then I was promptly outvoted on the most crucial decision that we faced.  My ostracism has been peculiar, considering that I certainly haven’t lacked experience in setting CEO pay. At Berkshire, after all, I am a one-man compensation committee who determines the salaries and incentives for the CEOs of around 40 significant operating businesses.”

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