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For 2 Buffett mentions they get paid based on certain key meterics for their specific business (ie GEICO based on float and combined ratio)
All salary and bonuses, no stock options right? Buffett must be a genius to know the KPIs for all of the different businesses he owns.
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Stock options on BRK wouldn’t make sense since managers only control their own businesses, not the performance of BRK or random market fluctuations.
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On the other hand for his PMs (Todd and Ted), a portion of their comp (I think it’s 10-20%) comes from the performance of the other guy with the rest coming from their own. To encourage cooperation between them
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