Warren Buffett and the Problem of Executive Compensation, Pt. 1

Regular GuruFocus readers will no doubt be aware that Warren Buffett (Trades, Portfolio) published his latest annual letter to shareholders of Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) over the weekend. It contained the usual - highly illuminating - insights regarding his investment philosophy, the importance of insurance float to Berkshire’s continued success and a rundown of the performance of its subsidiaries for the past year. READ MORE