Money
Greg Abel's 25 Million Dollar Compensation Called Serious Underpayment by Investor
We Study Billionaires
TIP812: Mohnish Pabrai: Berkshire & Letting Winners Run w/ Mohnish Pabrai
"Greg is seriously underpaid. Ajit is seriously underpaid. Also, you have to understand Greg had a significant stake in Berkshire Hathaway Energy. And that got sold to Berkshire. So Greg's net worth, I think, is somewhere between $700 million and a billion, somewhere in that range."
Mohnish Pabrai argues that Greg Abel's $25 million annual compensation is far below market value, noting other Fortune 10 CEOs like Sundar Pichai earn over $500 million. With Abel's net worth between $700 million and $1 billion primarily from his Berkshire Hathaway Energy stake, he voluntarily invests his after-tax salary in Berkshire stock, demonstrating alignment with shareholders despite being able to command multiples elsewhere.
From this episode
We Study Billionaires