Berkshire directors rebuked over pay for likely Buffett successors

The shareholder adviser ISS is recommending investors withhold their votes from four directors at Warren Buffett’s Berkshire Hathaway in a rebuke of the company’s executive pay policies. The refusal to back the re-election of four members of Berkshire’s compensation committee reflects concern over the pay packages awarded to vice-chairs Greg Abel and Ajit Jain, who ISS said earn some of the largest base salaries of any executives at US public companies. READ MORE