Warren Buffett Salary is Only $100,000 A Year

I find it amazing that Warren Buffett is only taking a pay check of $100,000 a year while his net worth is more than $62 billions dollar.

This man is really amazing. That's also one of the screening criteria for value stock. We are constantly looking out for CEO of a profitable company with low pay check. This will assure you as an investor that the management is gear for the well being of the company instead of themselves.

Berkshire Hathaway Inc under the leadership of Warren Buffett is one such company. If it is trading below its intrinsic value, and provided you have the spare cash, it will be a good company to invest for long term compound growth.

How do you know if you are buying the stock below the intrinsic value or selling the stock above it intrinsic value?

You can find out more detailed information on how to calculate intrinic value with Adam Khoo (One of Singapore Youngest Millionaire Investor) at http://tinyurl.com/2aluvy

Here is an extract of the news from Bloomberg:

"March 17 (Bloomberg) -- Warren Buffett, the world's richest man, took a $100,000 salary for the 27th consecutive year in 2007 as profit surged 20 percent at his Berkshire Hathaway Inc.
Buffett received no bonus as he steered Berkshire into bond insurance and arranged for its largest cash purchase, a $4.5 billion deal to buy Marmon Holdings Inc., the Pritzker family's collection of 125 companies. Buffett gets no stock options or grants for serving as chief executive officer and chairman, the Omaha, Nebraska-based company said in a regulatory filing today.
Since wresting control of Berkshire four decades ago, Buffett, 77, built the once-failing textile manufacturer into a $200 billion investment and holding company with a $75 billion stock portfolio and businesses from candy making to insurance. Buffett held about a third of Berkshire's Class A shares as of Feb. 29 and has pledged the bulk of the stake to the Bill & Melinda Gates Foundation and four family charities.
``This guy doesn't care about putting the money into his own pocket, the money is his way of keeping score,'' said Guy Spier, who has about 15 percent of his Aquamarine LLC hedge fund in Berkshire shares. Spier along with a friend paid $650,100 last year in an annual charity auction to lunch with Buffett. ``Of course, we don't know what Warren's private fortune is. He's always run a separate pool of money, which could well be a billion itself, totally separate from Berkshire.''
Surpassing Gates
Buffett's wealth increased $10 billion in the 12 months through Feb. 11 to about $62 billion as he beat out Microsoft co-founder Bill Gates as the world's richest man, Forbes magazine said in its annual list.
Buffett did get $75,000 in 2007 for serving on the boards of companies in which Berkshire has stakes. The prior year, Buffett earned $114,250 in directors' fees.
Berkshire's shareholder equity, or assets minus liabilities, rose 11 percent to $120.7 billion in 2007 as the stock climbed 29 percent, outpacing the 3.5 percent gain in the Standard & Poor's 500 Index. Insurance, which typically provides about half of Berkshire's profit, benefited from another year of unusually light catastrophe claims, helping the company earn net income of $13.2 billion for the year.
``That party is over,'' Buffett said in his annual letter to shareholders, released with the 2007 annual report Feb. 29. ``It is a certainty that insurance industry profit margins, including ours, will fall significantly in 2008. Prices are down.'' "